AUD/USD likely to trade sideways

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

 Positions Today Yesterday Change
 Longs 66% 68% -3.0%
 Shorts 34% 32% 5.9%
       
 Indicator 4H 1D 1W
 MACD(12;26;9) Sell Sell Sell
 RSI(14) Neutral Neutral Neutral
 Stochastic(5;3;3) Sell Neutral Neutral
 Alligator(13;8;5) Neutral Sell Sell
 SAR(0.02;0.2) Buy Sell Buy
 Aggregate

The Australian Dollar depreciated about 71 base points against the US Dollar on Wednesday. The decline was stopped by a support level formed by the weekly PP at 0.7135 during the previous trading session.

The currency pair was stranded between the 200-hour simple moving average at 0.7145 and the weekly pivot point at 0.7135 during the first half of Thursday's trading session.

A breakout from this support and resistance levels is likely to occur within this session. However, technical indicators are neutral on both the smaller and the larger time frames.

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