In this article, we assess AUD/USD from a technical perspective, focusing on pivotal price levels and scrutinizing shifts in market positioning that can offer instructive hints about the pair's outlook.
We use a range of cookies to give you the best possible browsing experience. By continuing to use this website, you agree to our use of cookies.USD/JPY IG Client Sentiment: Our data shows traders are now at their least net-long USD/JPY since Oct 20 when USD/JPY traded near 150.11.USD/JPY IG Client Sentiment: Our data shows traders are now at their least net-long USD/JPY since Oct 20 when USD/JPY traded near 150.11.
In the event that AUD/USD turns around and begins to recover, initial resistance is located near the 0.6350 region. Successfully piloting above this key ceiling could lure new buyers into the market, rekindling upward momentum and setting the stage for a possible move toward 0.6460. On further strength, the bulls may become emboldened to launch an assault on the 0.6500 handle.
Sentiment data from IG shows that 84.57% of traders are net-long, with the bullish-to-bearish ratio standing at 5.48 to 1 at the time of writing. The tally of clients who are net long has risen by 18.19% since yesterday and by 7.42% over the previous week. Meanwhile, the number of traders net-short is down 22.28% from the previous session and 22.14% from seven days ago.
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