Dukascopy - Analytics

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    AUD/USD fails to break the resistance

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    "Such financial transactions benefit the Australian economy by opening up more sources of funding."
     - Gulf Asia Shari'ah Compliant Investments Association (based on Bloomberg)


    Pair's Outlook

    The AUD/USD pair bulls lost some previous day gains as the market performed highly bearish today, pushing the price away from the 20– day SMA at 0.781. The pair is trading within the same price range from the beginning of February 2015, fluctuating from 0.783 till 0.771. The RSI indicator is currently facing a divergence with the chart pattern.


    Traders' Sentiment

    Most of the market participants are currently bullish since 61% of all are buying the pair. Together with that, 41% of all traders have placed their 50– pip pending orders short. In contrast, the 100– pip ones are being generally sold by 62% of all.

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