AUD/USD awaits US election results

Note: This section contains information in English only.
Source: Dukascopy Bank SA
PositionsTodayYesterdayChange
Longs59%53%9.7%
Shorts41%47%-13.7%
Indicator4H1D1W
MACD(12;26;9)BuySellBuy
RSI(14)NeutralNeutralNeutral
Stochastic(5;3;3)NeutralNeutralNeutral
Alligator(13;8;5)BuySellBuy
SAR(0.02;0.2)SellBuySell
Aggregate

The Australian Dollar rose by 139 pips or 1.98% against the US Dollar on Tuesday. A breakout occurred through the upper boundary of a descending channel pattern during yesterday's trading session.

Bearish sentiment dominate the exchange rate during the first half of Wednesday's trading session. Bears are likely to continue to pressure the AUD/USD currency pair lower until the end of the day.

However, the US presidential election results might play an important roll in the overall movement of the market within this session.

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