AUD/USD full review

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

Positions Today Yesterday % Change
Longs 61% 66% -8.20%
Shorts 39% 34% 12.82%
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) Neutral Sell Sell
SAR (0.02; 0.2) Buy Buy Sell
Aggregate

A full reviewed was made for the AUD/USD currency pair after the previously drawn patterns were broken. The analyst conducted this analysis using the larger time frame to describe the situation in the market.

The Australian Dollar has been losing strength significantly against the US Dollar since the beginning of February. The decline started when the exchange rate made a U-turn from a one-year high level near the 0.81 make on February 2.

Given that the bullish sentiment has started gaining momentum, it is likely that the newly drawn junior ascending channel on the 1H time-frame is likely to hold during the following trading session.

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