AUD/USD plummets on Tuesday

Source: Dukascopy Bank SA

Positions Today Yesterday % Change
Longs 49% 54% -10.20%
Shorts 51% 46% 9.80%
Indicator 4H 1D 1W
MACD (12; 26; 9) Sell Sell Sell
RSI (14) Neutral 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

Downside risks prevailed in the market on Tuesday and thus sent the Australian Dollar to plummet 62 pips or 0.83% against the US Dollar. This allowed the currency pair to breached the 55-,100-, and 200-hour SMAs.

The decline of the  AUD/USD exchange rate continued on Wednesday and sent the pair to dashed through the lower boundary of an ascending trendline and the weekly S1 at 0.7362.

As for the near future, the currency exchange rate might make a correction movement north during the following trading session.

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