AUD/USD bullish sentiment today

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

Positions Today Yesterday % Change
Longs 51% 62% -21.57%
Shorts 49% 38% 22.45%
Indicator 4H 1D 1W
MACD (12; 26; 9) Sell Sell Sell
RSI (14) Neutral Neutral Neutral
Stochastic (5; 3; 3) Buy Buy Neutral
Alligator (13; 8; 5) Sell Sell Sell
SAR (0.02; 0.2) Sell Buy Sell
Aggregate

The Australian Dollar depreciated about 60 base points against the US Dollar on Monday. The exchange rate breached the weekly support level at 0.7087 during yesterday's session.

Today's session begins with a bullish sentiment. By the middle of the European trading session on Tuesday, the AUD/USD currency pair has gained about 0.50% of its values.

If this bullish momentum continues, the currency exchange rate is expected to break a one-week descending channel pattern during the following trading session.

On the other hand, if a resistance line at 0.7087 holds, the price could continue its decline today.

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