AUD/USD bearish market

Source: Dukascopy Bank SA
PositionsTodayYesterdayChange
Longs71%75%-4.9%
Shorts29%25%12.2%
Indicator4H1D1W
MACD(12;26;9)SellSellSell
RSI(14)NeutralNeutralNeutral
Stochastic(5;3;3)NeutralNeutralNeutral
Alligator(13;8;5)SellSellSell
SAR(0.02;0.2)BuySellSell
Aggregate

During the past 72 hours, the Australian Dollar has depreciated about 0.90% in value against the US Dollar.

Given that the 50-, 100– and 200– hour SMAs are above the price level, the AUD/USD currency exchange rate will most likely continue to trade south today. The potential target for bearish traders within the next 24 hours of trading will be at the 0.6697 area.

If the support level formed by the weekly S2 holds, a possible upside reversal could occur during the following trading session.

Actual Topics

Subscribe to "Fundamental Analysis" feed

Subscribe
To learn more about Dukascopy Bank CFD / Forex trading platform, SWFX and other trading related information,
please call us or make callback request.
For further information regarding potential cooperation,
please call us or make callback request.
To learn more about Dukascopy Bank Binary Options / Forex trading platform, SWFX and other trading related information,
please call us or make callback request.
To learn more about Dukascopy Bank CFD / Forex trading platform, SWFX and other trading related information,
please call us or make callback request.
To learn more about Crypto Trading / CFD / Forex trading platform, SWFX and other trading related information,
please call us or make callback request.
To learn more about Business Introducer and other trading related information,
please call us or make callback request.
For further information regarding potential cooperation,
please call us or make callback request.