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
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Actual Topics

Tue, 10 Jul 2012 15:29:11 GMT

USD/CAD is not losing hope to pierce 55-day SMA

USD/CAD edged higher and the bulls are attempting to fix above 55-day simple moving average. However, if the bearish trend commences, investors might fix profits at 1.0168 (PP Weekly). A breach of this level is likely to open 1.0099 (200-day SMA) and 1.0043 (61.80% Fibo) in case bearish momentum gains strength. To keep the bullish inertia, the pair has to close above the 55-day

Tue, 10 Jul 2012 15:28:58 GMT

The Euro is trading flat against Japan's yen; might touch 97.22

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