AUD/USD bears market

Source: Dukascopy Bank SA

Positions Today Yesterday % Change
Longs 61% 61% 0.00%
Shorts 39% 39% 0.00%
Indicator 4H 1D 1W
MACD (12; 26; 9) Sell Buy Sell
RSI (14) Neutral Neutral Neutral
Stochastic (5; 3; 3) Buy Neutral Neutral
Alligator (13; 8; 5) Sell Neutral Sell
SAR (0.02; 0.2) Sell Sell Buy
Aggregate

The Australian Dollar has depreciated about 92 base points against the US Dollar since Thursday's session. The currency pair dashed through a one-week trading range during the first part of today's session.

As for the near future, it is likely that the AUD/USD currency pair will continue its bearish momentum. Bearish traders could push the currency exchange rate towards a swing low of 0.7061 today. 

However, a traditional weekly and the monthly pivot points at 0.7144 could hinder the exchange rate from falling further south.

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