Dukascopy - Analytics


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    AUD/USD stays mainly unchanged

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    "Australian industry must continue to demonstrate that it can be competitive, and can be a vital, long-term contributor to supply chains and support strategies." 
    - Industry Minister Ian MacFarlane (based on Reuters)

    Pair's Outlook
    The AUD/USD pair appreciated on Friday, reaching September 2008 low at 0.785. The pair did not change the direction significantly and continues to trade within the same price range from the beginning of February 2015, fluctuating from 0.783 till 0.771. So far, the market participants have been respecting the long– term trendline formed back in 2011.

    Traders' Sentiment
    The market remains bullish with 61% of traders buying the pair. About 33% of 50– pip pending orders are placed to be long. In addition, about the same amount of market participants (34%, to be exact) will buy.
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