AUD/USD plunges on Friday

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

Positions Today Yesterday % Change
Longs 61% 67% -9.84%
Shorts 39% 33% 15.38%
Indicator 4H 1D 1W
MACD (12; 26; 9) Sell Sell Sell
RSI (14) Buy Neutral Neutral
Stochastic (5; 3; 3) Buy Buy Neutral
Alligator (13; 8; 5) Sell Sell Sell
SAR (0.02; 0.2) Sell Sell Buy
Aggregate

Strong bearish momentum continued to dominate the Australian Dollar against the US Dollar. The reason if this decline is the general strength of the Greenback against other major currencies.

Technical indicators are starting to show more bearish signals on both the 1H and 4H time-frames, demonstrating that the depreciation for the currency pair might still continue within this session.

The base scenario for today session favours a breakout through the lower boundary of a descending pattern during the following trading session.

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