AUD/USD high volatility

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Source: Dukascopy Bank SA

Positions Today Yesterday % Change
Longs 49% 49% 0.00%
Shorts 51% 51% 0.00%
Indicator 4H 1D 1W
MACD (12; 26; 9) Sell Sell Sell
RSI (14) Neutral Neutral Neutral
Stochastic (5; 3; 3) Neutral Neutral Neutral
Alligator (13; 8; 5) Sell Sell Sell
SAR (0.02; 0.2) Buy Sell Sell
Aggregate

The Australian Dollar has shown high volatility against the US Dollar on Wednesday, during this period, the currency pair breached the weekly pivot point near the 0.7423 mark and the AUD/USD exchange rate closed the session with 64 base points gain.

This high volatility continued on Thursday, as bears erased all the gains made by bulls during the previous trading session. Technical indicators suggest that the overall market movement within the next 24hours should remain bearish.

However, given that the technical sentiment is located in the oversold zone, a brief retracement north could be expected today.

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