AUD/USD bearish sentiment today

Source: Dukascopy Bank SA
PositionsTodayYesterdayChange
Longs52%52%-0.9%
Shorts48%48%1.0%
Indicator4H1D1W
MACD(12;26;9)SellBuySell
RSI(14)NeutralNeutralNeutral
Stochastic(5;3;3)NeutralNeutralNeutral
Alligator(13;8;5)SellBuySell
SAR(0.02;0.2)BuyBuySell
Aggregate

The Australian Dollar appreciated about 0.55% in value against the US Dollar on Tuesday. The surge was stopped by a resistance level formed by the 100– hour simple moving average at 0.6865 during yesterday's trading session. 

Wednesday's trading session began with bearish momentum. As a result, a breakout occurred through the lower boundary of a dominant ascending channel pattern at 0.6845.

Given that a breakout had occurred, the AUD/USD currency exchange rate will most likely target a support level set by the weekly S2 at 0.6812 during the following trading session.

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