QFXData.com - Forex AI Analysis

[paulporto]

AUDUSD still faces a tough backdrop from the last 24 hours.
AUD news sentiment is mostly negative while USD sentiment is clearly stronger and more positive.
Risk aversion, China growth worries and weak follow through in AUD are pressuring the pair, while safe haven USD demand and inflation driven hawkish expectations are supportive.
Positioning analysis shows rising shorts, which gives a contrarian short term upside signal.
Charts still show a broader mixed to bearish structure, but near term momentum points to a bounce toward 0.700 and 0.705.

 

[paulporto]

AUDUSD looks supported by the latest 24 hour news flow.
AUD sentiment is strongly positive while USD sentiment is notably weaker, which favors the pair near term.
Risk appetite is helping the aussie, though China concerns and mixed commodities may limit upside.
Positioning also supports a bounce as shorts have surged, creating a contrarian bullish setup.
Charts still show a broader downtrend, but short term momentum points up toward 0.700 and possibly 0.707 to 0.713.