AUD/USD brief retracement likely

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

Positions Today Yesterday % Change
Longs 66% 58% 12.12%
Shorts 34% 42% -23.53%
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) Buy Sell Sell
SAR (0.02; 0.2) Buy Sell Sell
Aggregate

The Australian Dollar traded with low volatility against the US Dollar on Wednesday. However, the situation changed this morning, as bullish momentum dominated the European session on Thursday. The currency pair appreciated about 90 base points during the morning session.

Technical indicators on the 4(H) time-frame suggests that the AUD/USD currency exchange rate will continue its bullish momentum within this session.

Nevertheless, it is expected that the Aussie makes a brief retracement towards the weekly PP at 0.7111 before the close of Thursday's trading session.

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