AUD/USD shows high volatility

Source: Dukascopy Bank SA

Positions Today Yesterday % Change
Longs 60% 64% -6.67%
Shorts 40% 36% 10.00%
Indicator 4H 1D 1W
MACD (12; 26; 9) Sell Sell Sell
RSI (14) Buy Neutral Neutral
Stochastic (5; 3; 3) Buy Neutral Neutral
Alligator (13; 8; 5) Sell Sell Sell
SAR (0.02; 0.2) Sell Buy Sell
Aggregate

The Australian Dollar has shown high volatility against US Dollar on Thursday, during this period, the currency pair fell below the junior channel and the dominant ascending channel.

This high volatility continued on Friday, as bears erased all the gains made by bulls during the period week. Technical indicators demonstrate that the overall market sentiment within the next trading session should remain bearish.

Given that the AUD/USD currency exchange rate is located in the oversold zone, the pair might make a brief retracement up for a potential target at the weekly pivot point near 0.7350 today.

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