News & Analysis at your fingertips.

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.
You can learn more about our cookie policy here, or by following the link at the bottom of any page on our site.

0

Notifications

Notifications below are based on filters which can be adjusted via Economic and Webinar Calendar pages.

Live Webinar

Live Webinar Events

0

Economic Calendar

Economic Calendar Events

0
Free Trading Guides
Subscribe
Please try again
EUR/USD
Bullish
Low
High
of clients are net long.
of clients are net short.
Long Short

Note: Low and High figures are for the trading day.

Data provided by
Oil - US Crude
Bullish
Low
High
of clients are net long.
of clients are net short.
Long Short

Note: Low and High figures are for the trading day.

Data provided by
Wall Street
Bullish
Gold
Bullish
Low
High
of clients are net long.
of clients are net short.
Long Short

Note: Low and High figures are for the trading day.

Data provided by
GBP/USD
Bearish
USD/JPY
Bearish
Low
High
of clients are net long.
of clients are net short.
Long Short

Note: Low and High figures are for the trading day.

Data provided by
More View more
Notice

US Calls for Pause on J&J Vaccine After Clotting Cases - NYT

Real Time News
  • #Bitcoin rose to a fresh all time high this morning around the 63,000 level, breaking above the previous high set around 62,000 in mid March. $BTC https://t.co/sj1fjZb1iw
  • US 10yr Treasury yields and the US Dollar have both headed lower in the immediate aftermath of the CPI print. The $DXY dropped from 92.26 to around the 92.10 level and 10yr yields stepped back from above 1.68% to 1.66%. $USD https://t.co/RFiMWfNckX
  • 🇺🇸 Core Inflation Rate MoM (MAR) Actual: 0.3% Expected: 0.2% Previous: 0.1% https://www.dailyfx.com/economic-calendar#2021-04-13
  • 🇺🇸 Inflation Rate MoM (MAR) Actual: 0.6% Expected: 0.5% Previous: 0.4% https://www.dailyfx.com/economic-calendar#2021-04-13
  • 🇺🇸 Inflation Rate YoY (MAR) Actual: 2.6% Expected: 2.5% Previous: 1.7% https://www.dailyfx.com/economic-calendar#2021-04-13
  • 🇺🇸 Core Inflation Rate YoY (MAR) Actual: 1.6% Expected: 1.5% Previous: 1.3% https://www.dailyfx.com/economic-calendar#2021-04-13
  • IG Client Sentiment Update: Our data shows the vast majority of traders in Silver are long at 92.49%, while traders in Germany 30 are at opposite extremes with 75.73%. See the summary chart below and full details and charts on DailyFX: https://www.dailyfx.com/sentiment https://t.co/onTWQ83wu0
  • US 10yr Treasury yields rose to a one week high this morning, briefly testing the 1.70% level before dropping back below 1.68%. The upcoming CPI print may drive another move in Treasury yields. $USD https://t.co/j4vndyVcup
  • Forex Update: As of 12:00, these are your best and worst performers based on the London trading schedule: 🇯🇵JPY: -0.08% 🇪🇺EUR: -0.13% 🇳🇿NZD: -0.14% 🇨🇭CHF: -0.28% 🇦🇺AUD: -0.30% 🇨🇦CAD: -0.40% View the performance of all markets via https://www.dailyfx.com/forex-rates#currencies https://t.co/QQP2RQRudx
  • Heads Up:🇺🇸 Core Inflation Rate MoM (MAR) due at 12:30 GMT (15min) Expected: 0.2% Previous: 0.1% https://www.dailyfx.com/economic-calendar#2021-04-13
AUD/USD Sideways Drift Leaves Range Trading Preferred

AUD/USD Sideways Drift Leaves Range Trading Preferred

David de Ferranti, Currency Analyst

Talking Points

  • AUD/USD Technical Strategy: Sidelines Preferred
  • Clear candlestick reversal patterns absent on the daily chart
  • Doji in intraday trade highlights hesitation near 0.9400

AUD/USD remains range-bound with key reversal signals absent on the daily, suggesting the consolidation may continue. Given the narrow 0.9320 and 0.9440 corridor remains intact, turning to intraday timeframes may offer short-term range-trading opportunities.

AUD/USD: Consolidation Between 0.9320 and 0.9440 Continues

AUD/USD Sideways Drift Leaves Range Trading Preferred

Daily Chart - Created Using FXCM Marketscope 2.0, Volume Indicator Available Here

Examining the four hour timeframe; the psychologically-significant 0.9400 handle appears to be offering some intraday resistance. A Doji candlestick highlights hesitation amongst the bulls and while not classified as a reversal signal, could offer an early indication of a shift in sentiment over the session ahead. A pullback would likely find support at 0.9325, while an upside break would open the 0.9440 range-top.

AUD/USD: Doji Highlights Hesitation Near 94 US Cent Handle

AUD/USD Sideways Drift Leaves Range Trading Preferred

4 Hour Chart - Created Using FXCM Marketscope 2.0, Volume Indicator Available Here

By David de Ferranti, Currency Analyst, DailyFX

Follow David on Twitter: @Davidde

To receive David’s analysis directly via email, please sign up here

Learn how to read candlesticks to help identify trading opportunities with the DailyFX Candlesticks Video Course.

DailyFX provides forex news and technical analysis on the trends that influence the global currency markets.

DISCLOSURES