AUD/USD reaches three-week low

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Source: Dukascopy Bank SA
PositionsTodayYesterdayChange
Longs71%71%0.1%
Shorts29%29%-0.1%
Indicator4H1D1W
MACD(12;26;9)SellSellSell
RSI(14)BuyNeutralNeutral
Stochastic(5;3;3)BuyBuyNeutral
Alligator(13;8;5)SellSellSell
SAR(0.02;0.2)SellSellSell
Aggregate⇒⇘⇘

[ANNOUNCE]The Australian Dollar has been guided lower against the US Dollar by the 50-hour simple moving average. The currency pair reached a three-week low at 0.6907 during the Asian session on Monday.[/ANNOUNCE]

Currently, the exchange rate is trading near a support level formed by the monthly S1 at 0.6895.

If the support level holds, a potential upside reversal could occur during the following trading session.

However, technical indicators suggest that the currency exchange rate might break the monthly support level today.

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