AUD/USD strong sell signals today

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

Positions Today Yesterday % Change
Longs 62% 65% -4.84%
Shorts 38% 35% 7.89%
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 Buy Sell
Aggregate

Bearish momentum dominated the AUD/USD exchange rate on Thursday, thus, sending the currency pair crashed by 91 pips or 1.21% of its value. As a result, the rate broke out through the lower boundary of an ascending channel.

By the middle of Friday's trading session, the price was pressured south by the 200-hour simple moving average.

Technical indicators flash strong sell signals on both the 4H time-frame and the weekly time-frame. Therefore, bulls are unlikely to introduce their presence in the market today.  

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