AUD/USD fell below a support cluster

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

Positions Today Yesterday % Change
Longs 72% 70% 2.78%
Shorts 28% 30% -7.14%
Indicator 4H 1D 1W
MACD (12; 26; 9) Buy Sell Sell
RSI (14) Neutral Neutral Neutral
Stochastic (5; 3; 3) Neutral Neutral Neutral
Alligator (13; 8; 5) Buy Neutral Sell
SAR (0.02; 0.2) Buy Buy Sell
Aggregate

The Australian Dollar was guided by the newly drawn ascending channel on  Tuesday against the US Dollar. The currency pair traded above a support cluster formed by the combination of the weekly and the monthly pivot point near the 0.7409 mark.

By the middle of Wednesday's session, the exchange has breached the aforementioned support level and was trading closer to the border of the newly formed junior ascending channel.

In case bears continue to prevail in the market, the AUD/USD currency exchange rate is likely to break out from the bottom boundary of the uptrend channel during the following trading session. 

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