AUD/USD continues to depreciate

Note: This section contains information in English only.
Source: Dukascopy Bank SA
© Dukascopy Bank SA
"Sentiment is still being influenced to some extent by all of these negative news reports regarding the resources sector.
-Ray Attrill, National Australia Bank Ltd. (based on Bloomberg Businesweek)  
 
Pair's Outlook
Pair continues to depreciate and is set to test 1.0342/36, eventually dropping to 200 day SMA during this week which should push the pair back up to monthly pivot point at 1.0372.

Traders' Sentiment
Bearish sentiment persists for the third week—however, it has dropped to 57% in comparison to 60% at the end of last week. Distribution of posted orders do not suggest any major changes as 56% of traders have posted sell orders.

© Dukascopy Bank SA
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Actual Topics

Mon, 27 Aug 2012 15:13:02 GMT

USD/CAD testing 0.9903

After dropping below 99 cent mark for a short period of time the pair partly recovered as weekly pivot point at 0.9903 provided enough support for the pair. However, it is likely pair will test 98.5 cent mark in the near future where we can find a cluster of support levels.

Mon, 27 Aug 2012 15:12:46 GMT

EUR/JPY starts week vaguely

Pair started week vaguely trading in 30 pip range today. Although specialist maintain neutral outlook and predicts the pair not to deviate far from 98.41 indicators point at appreciation of the pair as it continues to develop in double bottom frame and is likely to test 100 day SMA at 98.925 in short term. 

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