AUD/USD - trend reversal likely, focus on 200-day SMA

Note: This section contains information in English only.
Source: Dukascopy Bank SA
© Dukascopy Bank SA
On Australian house prices: "Borrowing costs are now below average and it appears that's beginning to support demand ."
- Janu Chan, economist at St. George bank (based on Bloomberg)

Pair's Outlook
After an insignificant slide yesterday, AUD/USD has gained footing and today is continuing rally of two months. Despite a neutral aggregate signal from technical indicators today, the weekly outlook on the pair is negative. RSI (14) has almost reached its critical value of 70, so a trend reversal is expected in short-term. The first significant pair's target can be around the 200-day SMA at 1.0301.

Traders' Sentiment
The sentiment on the SWFX index has remained almost unchanged from yesterday, as 58% of traders forecast pair's further inceease in near-term. However, 42% of market participants foresee an upcoming bearish correction.



© Dukascopy Bank SA
Back to articles

Actual Topics

Wed, 01 Aug 2012 15:09:40 GMT

EUR/JPY - Stabilized around 96.30, sentiment bearish

After a slight increase yesterday, EUR/JPY is on the downside today, en route towards S1 weekly at 94.80. In case the pair continues the long-term bearish movement, we are likely to see it striving towards 91.10, where the monthly S3 stands. However, currently the pair is in the close to the weekly forecasts, so sharp movements of the pair are

Wed, 01 Aug 2012 19:31:53 GMT

EUR/AUD to reach 1.1654

Yesterday's bearish movement turned out to be short-lived, and in the end another bullish reaction took place, however, today EUR/AUD currency pair returned to its bearish tendency and now is gradually moving closer to an initial support level at 1.1654 (Weekly S2). In case it fails to bring some bullish momentum, then next support at 1.1629 (Lower Bollinger Band) might be the reversal point for

Subscribe to "Fundamental Analysis" feed

Suscribir
Para conocer más sobre la plataforma de Trading de CFD y Forex de Dukascopy Bank, SWFX y otras informaciones relacionadas con el Trading,
llámenos o haga una solicitud de devolución de llamada.
Para obtener más información sobre la posible cooperación, por favor llámenos o haga una solicitud de devolución de llamada.
Para obtener más información sobre las opciones binarias de Dukascopy Bank / La plataforma de operaciones de Forex, SWFX y otra información relacionada con el Trading, por favor llámenos o solicite una devolución de llamada.
Para conocer más sobre la plataforma de Trading de CFD y Forex de Dukascopy Bank, SWFX y otras informaciones relacionadas con el Trading,
llámenos o haga una solicitud de devolución de llamada.
Para obtener más información acerca de la plataforma de operaciones Crypto Trading / CFD / Forex, SWFX y otra información relacionada con el comercio,
llámenos o realice una solicitud de devolución de llamada.
Para obtener más información sobre Business Introducer y otra información relacionada con el comercio,
llámenos o realice una solicitud de devolución de llamada.
Para obtener más información sobre la posible cooperación, por favor llámenos o haga una solicitud de devolución de llamada.