AUD/USD moving towards target

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

Positions Today Yesterday % Change
Longs 71% 66% 7.04%
Shorts 29% 34% -17.24%
Indicator 4H 1D 1W
MACD (12; 26; 9) Sell Sell Sell
RSI (14) Neutral Neutral Neutral
Stochastic (5; 3; 3) Buy Neutral Neutral
Alligator (13; 8; 5) Sell Sell Sell
SAR (0.02; 0.2) Sell Sell Sell
Aggregate
The Australian Dollar was driven by slightly downside momentum on Monday. The currency pair breached a support cluster formed by the 200-hour simple moving average and the weekly pivot point near the 0.7394 regions. 

By the middle of Tuesday's session, the exchange rate bounced off the lower boundary of a newly formed junior ascending channel and breached the 100-hour simple moving average. 

Everything being equal, it is likely that the AUD/USD currency rate dash through all three SMAs and potentially test the upper boundary of a downtrend channel during the following trading session.

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