AUD/USD retreated on the dollar storm, but managed to stay on top of support. How will it end the week?. Here’s a quick update on technicals, fundamentals and community trends.
AUD to USD above 0.9850
AUD/USD Technicals
- European / US sessions: AUD/USD traded in range, and managed to hold on despite the stronger dollar.
- Current Range: 0.9850 to 0.9915.
- Further levels in both directions: Below 0.9850, 0.9725, 0.9660, 0.9540, 0.9460, 0.9366. Above 0.9915, 1.0000, 1.0080, 1.0180, 1.0220, 1.03.
- 0.9660 strong support below.
- AUD/USD Parity returns to be strong resistance
AUD/USD Fundamentals
- 15:00 US CB Leading Index. Exp. +1.2%
AUD/USD Sentiment
- The EU Summit is now in the limelight now. A hopeful statement will help the Aussie as well.
- The chances of a rate hike in China have dropped, and this helps the Aussie.
- Any rumor from China rocks the Australian dollar stronger than domestic figures these day.
- Currensee Community: 84% are short, 16% are long. 412 open positions in real accounts trading this pair at the moment. The community continues seeing more falls in AUD/USD.
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