AUD/USD trades below 0.80

Source: Dukascopy Bank SA

Positions Today Yesterday % Change
Longs 39% 38% 2.56%
Shorts 61% 62% -1.64%
Indicator 4H 1D 1W
MACD (12; 26; 9) Buy Buy Buy
RSI (14) Neutral Sell Neutral
Stochastic (5; 3; 3) Sell Sell Sell
Alligator (13; 8; 5) Neutral Buy Buy
SAR (0.02; 0.2) Sell Buy Buy
Aggregate

During the second half of Monday's trading session, the Aussie broke the support of the 55- and 100-hour SMAs, which were located just near the 0.80 mark.

  By mid-Tuesday, the pair was heading south where the 200–hour simple moving average is providing support for the pair near 0.7960.

In the short term, the pair is likely to continue moving south or trade sideways until it finds support at the dominant channel's lower trend-line.

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