AUD/USD fell below 0.74

Note: This section contains information in English only.
Source: Dukascopy Bank SA

Positions Today Yesterday % Change
Longs 54% 64% -18.52%
Shorts 46% 36% 21.74%
Indicator 4H 1D 1W
MACD (12; 26; 9) Buy Buy Sell
RSI (14) Sell Neutral Neutral
Stochastic (5; 3; 3) Sell Sell Sell
Alligator (13; 8; 5) Buy Buy Sell
SAR (0.02; 0.2) Buy Buy Buy
Aggregate

On Thursday the AUD/USD currency pair traded below the 0.7403 mark. It had retreated down to that level after it had passed the support set by the 200-hour simple moving average and the weekly pivot point.

The Australian Dollar was set to decline down to the support formed by the lower boundary of a junior descending pattern near the 0.7347 level. The decline of the currency exchange rate was caused due to the three SMAs are now located above the price action.

By and large, it is expected for the price to decline further south during the following trading session until the junior descending channel is broken. 

Actual Topics

Subscribe to "Fundamental Analysis" feed

Souscrire
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.