AUD/USD falls further; approaches 1.0162

Note: This section contains information in English only.
Source: Dukascopy Bank SA
© Dukascopy Bank SA
"Australia has a housing bubble, their economy is slowing, and they're going to have to cut interest rates."
-  Citigroup Inc. (based on Bloomberg)

Pair's Outlook

The Aussie dollar weakened against the US dollar as the currency couple is currently approaching 1.0162 (100-day SMA). If bearish mood persists, investors might encounter next support lines at 1.0083 (S2 Weekly) and 0.9988 (55-day SMA; S3 Weekly), respectively.

Traders' Sentiment
Compared to yesterday, bullish sentiment eased today as 67% of investors are keeping long positions on AUD/USD and 33% of market participants went short on the pair. Positioning of pending orders also changed as for now 53% of investors anticipate the pair to fall further and 47% of market participants expect the pair to commence trading in a bullish trend.
© Dukascopy Bank SA

Actual Topics

Subscribe to "Fundamental Analysis" feed

Subscribe
Pre viac informácií o Dukascopy Bank CFD / Forex obchodných platformách a ostatných záležitostiach
nás prosím kontaktujte alebo požiadajte o hovor od nás.
For further information regarding potential cooperation,
please call us or make callback request.
To learn more about Dukascopy Bank Binary Options / Forex trading platform, SWFX and other trading related information,
please call us or make callback request.
Pre viac informácií o Dukascopy Bank CFD / Forex obchodných platformách a ostatných záležitostiach
nás prosím kontaktujte alebo požiadajte o hovor od nás.
To learn more about Crypto Trading / CFD / Forex trading platform, SWFX and other trading related information,
please call us or make callback request.
To learn more about Business Introducer and other trading related information,
please call us or make callback request.
For further information regarding potential cooperation,
please call us or make callback request.