AUD/USD potential decline

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

Positions Today Yesterday % Change
Longs 58% 54% 6.90%
Shorts 42% 46% -9.52%
Indicator 4H 1D 1W
MACD (12; 26; 9) Buy Buy Sell
RSI (14) Sell Neutral Neutral
Stochastic (5; 3; 3) Neutral Neutral Sell
Alligator (13; 8; 5) Buy Buy Sell
SAR (0.02; 0.2) Buy Buy Buy
Aggregate ⇗ ⇗ ⇘

[ANNOUNCE]The Australian Dollar surged on Wednesday trading session and reached a resistance level formed by the monthly pivot point at 0.7328.[/ANNOUNCE]

If the AUD/USD currency pair breaks the resistance level, the Aussie will continue to surge towards the upper boundary of a dominant descending channel at 0.7350 within this session.

However, a bounce off from the resistance level as mentioned above, could follow a decline and potentially aim for the lower boundary of an ascending trendline at 0.7220 during the following trading session.

Actual Topics