AUD/USD finds support

Note: This section contains information in English only.
Source: Dukascopy Bank SA

Positions Today Yesterday % Change
Longs 74% 71% 4.05%
Shorts 26% 29% -11.54%
Indicator 4H 1D 1W
MACD (12; 26; 9) Neutral Neutral Buy
RSI (14) Sell Sell Neutral
Stochastic (5; 3; 3) Buy Buy Buy
Alligator (13; 8; 5) Buy Sell Sell
SAR (0.02; 0.2) Buy Sell Sell
Aggregate ⇗ ⇘ ⇒

[ANNOUNCE]Even though the Australian Dollar made a little effort to appreciate against the US Dollar on Tuesday, the exchange rate was driven by a downside risk by the end of business day.[/ANNOUNCE]

However, by the middle of the European session on Wednesday, the decline was temporary stopped by the weekly S2 at 0.7422. This might result for the pair to make a false upward movement today.

As for near future, the AUD/USD currency exchange rate is likely to surge during the following trading hours.

In the four hour-frame, technical indicators suggest that bulls are likely to grow stronger.

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