AUD/USD strong bearish signals today

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

Positions Today Yesterday % Change
Longs 71% 72% -1.41%
Shorts 29% 28% 3.45%
Indicator 4H 1D 1W
MACD (12; 26; 9) Buy Sell Sell
RSI (14) Neutral Neutral Buy
Stochastic (5; 3; 3) Neutral Sell Neutral
Alligator (13; 8; 5) Buy Sell Sell
SAR (0.02; 0.2) Buy Sell Sell
Aggregate

The Aussie appreciated about 40 base points against its US counterpart on Tuesday. The currency pair was guided by the 50-hour simple moving average during yesterday's session.

The exchange rate has breached the upper boundary of a one-month descending channel at 0.7146 during the middle of the European trading session on Wednesday.

Technical indicators on the daily time frame flash strong bearish signals. Therefore, it is likely that the AUD/USD currency exchange rate reverses from current price level and aim at the 100-hour SMA at 0.7124 during the following trading session.

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