AUD/USD awaits fundamental releases

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

Positions Today Yesterday % Change
Longs 68% 68% 0.00%
Shorts 32% 32% 0.00%
Indicator 4H 1D 1W
MACD (12; 26; 9) Sell Sell Sell
RSI (14) Buy Neutral Neutral
Stochastic (5; 3; 3) Buy Buy Neutral
Alligator (13; 8; 5) Sell Sell Sell
SAR (0.02; 0.2) Sell Sell Buy
Aggregate ⇒ ⇘ ⇒

[ANNOUNCE]The Australian Dollar has continued to trade in a descending channel against the US Dollar. The currency pair tested the lower boundary of the channel at 0.7070 during the end of the previous session. [/ANNOUNCE]

Everything being equal, it is likely that the downside movement will continue within this session. The possible target for the AUD/USD currency pair will be at the monthly S2 at 0.6950.

However, it is important to note that the US macroeconomic data releases scheduled at 12:30 GMT could play a very important role in regards to this currency exchange rate today.

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