Note: This section contains information in English only."There is a window of opportunity to be short dollars without the threat of a hawkish Fed message for a couple of weeks. That is probably partly driving the market."
– Credit Agricole (based on Business Recorder)
Pair's Outlook
[ANNOUNCE]The Australian Dollar appreciated against the Greenback for the third consecutive day yesterday, but with the four-year down-trend limiting the gains.[/ANNOUNCE] Earlier today volatility extended to yesterday's maximum, but the current four-month bullish trend risks coming to an end. Technical indicators somewhat support this outlook, as their signals shifted from bullish to mixed, creating a possibility of a decline today. The previously-mentioned down-trend is still supported by a number of resistances, making a breach to the upside difficult and a bounce back more probable. We see a 15-pip rally over the day, with the bearish momentum taking over the next day.
Traders' Sentiment
Nearly three quarters (74%) of all open positions are currently short, while the portion of buy orders lost 5% points, having fallen to 69%.
Thu, 11 Aug 2016 13:29:07 GMT
Source: Dukascopy Bank SA
– Credit Agricole (based on Business Recorder)
Pair's Outlook
[ANNOUNCE]The Australian Dollar appreciated against the Greenback for the third consecutive day yesterday, but with the four-year down-trend limiting the gains.[/ANNOUNCE] Earlier today volatility extended to yesterday's maximum, but the current four-month bullish trend risks coming to an end. Technical indicators somewhat support this outlook, as their signals shifted from bullish to mixed, creating a possibility of a decline today. The previously-mentioned down-trend is still supported by a number of resistances, making a breach to the upside difficult and a bounce back more probable. We see a 15-pip rally over the day, with the bearish momentum taking over the next day.
Traders' Sentiment
Nearly three quarters (74%) of all open positions are currently short, while the portion of buy orders lost 5% points, having fallen to 69%.