AUD/USD remains near 0.7140

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

Positions Today Yesterday % Change
Longs 70% 69% 1.43%
Shorts 30% 31% -3.33%
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 Buy
Aggregate

Downside sentiment dominated the Australian Dollar versus the US Dollar on Tuesday. The currency pair plunged about 70 base points during the end of yesterday's trading session.

Currently, the exchange rate is located near the bottom border of a two-week descending channel at 0.7158 and is expected to breach the channel within the next hours.

If the currency exchange rate passes the support level formed by the lower boundary of the two weeks descending channel, the next for the pair will be near the monthly S2 at 0.7136.

 A potential reversal from the monthly S2 is likely to occur thereafter.

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