AUD/USD targets at 0.7127

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

Positions Today Yesterday % Change
Longs 56% 57% -1.79%
Shorts 44% 43% 2.27%
Indicator 4H 1D 1W
MACD (12; 26; 9) Sell Sell Sell
RSI (14) Neutral Neutral Neutral
Stochastic (5; 3; 3) Neutral Buy Neutral
Alligator (13; 8; 5) Sell Sell Sell
SAR (0.02; 0.2) Sell Sell Sell
Aggregate

The Australian Dollar tried to breach the 55-hour SMA at 0.7195 yesterday.  

Downside momentum has been dominating the AUD/USD exchange pair since Wednesday morning. Bearish momentum is expected to continue within this session, and two potential targets for the pair could be the weekly S1 at 0.7127 and the monthly S1 at 0.7097.  

It is the unlikely case that some bullish pressure still prevails in the market, the Australian Dollar should not exceed the 100-hour SMA and the upper boundary of a short-term descending channel near 0.7220.

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