AUD/USD bears market

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

Positions Today Yesterday % Change
Longs 49% 50% -2.04%
Shorts 51% 50% 1.96%
Indicator 4H 1D 1W
MACD (12; 26; 9) Buy Buy Sell
RSI (14) Neutral Neutral Neutral
Stochastic (5; 3; 3) Buy Neutral Sell
Alligator (13; 8; 5) Neutral Buy Sell
SAR (0.02; 0.2) Sell Buy Buy
Aggregate

Downside risks dominated the Australian Dollar against the US Dollar on Tuesday. The currency pair breached both the 50– and the 100-hour SMAs at 0.7360 and 0.7338 during the end of Tuesday's session. 

The exchange rate was pressured by bearish sentiment during the Asian session on Wednesday. As a result, a breakout through the lower boundary of a one-week ascending channel occurred.

Given that a breakout had occurred, it is likely that bearish traders could push the currency exchange rate further south, towards the lower boundary of a medium-term ascending channel pattern at 0.7244.

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