AUD/USD Stuck in a Range

AUD/USD settled down in a range following fast action in recent days. Sparks from North Korea or ? Here’s a quick update on technicals, fundamentals and community trends.

aud to usd november 25 26

AUD to USD in a trading range.

AUD/USD Technicals

  • Asian session:  AUD USD traded in the high end of the range..
  • Current Range: 0.9725 to 0.9860
  • Further levels in both directions: Below  0.9725, 0.9660. Above 0.9863,  0.9915,  1.0000, 1.0080, 1.0180, 1.0220, 1.03.
  • Parity is a big technical hurdle, but unlikely to be tackled in current conditions.
  • Significant support is at 0.9660.

AUD/USD Fundamentals

  • 00:30 Australian Private Capital Expenditure. Exp. +3.2%.Actual +6.2%. Big surprise.
  • 22:30 Glenn Stevens talks. He always rocks the Aussie.

AUD/USD Sentiment

  • North Korean attack on South Korea surprises the world and triggers risk aversive trading. The Aussie is sensitive to this news, but the ceasefire eases pressures.
  • Contagion spreading: Fears that Spain and Italy will also need bailout packages impacts the whole world, not only the Euro. European debt issues hurt the Aussie. Spanish bonds reached a record high.
  • Light Thanksgiving trading means that the markets will probably hardly move until a major news, from Europe for example, can rock the markets on thin trading volume.
  • Currensee Community: 92% are short, 8% are long. 374 open positions in real accounts trading this pair at the moment. The community continues seeing more falls in AUD/USD.

Want to see what other traders are doing in real accounts? Check out Currensee. It’s free..

Yohay Elam

Yohay Elam

Yohay Elam: Founder, Writer and Editor I have been into forex trading for over 5 years, and I share the experience that I have and the knowledge that I've accumulated. After taking a short course about forex. Like many forex traders, I've earned a significant share of my knowledge the hard way. Macroeconomics, the impact of news on the ever-moving currency markets and trading psychology have always fascinated me. Before founding Forex Crunch, I've worked as a programmer in various hi-tech companies. I have a B. Sc. in Computer Science from Ben Gurion University. Given this background, forex software has a relatively bigger share in the posts.