AUD/USD likely to pullback

Note: This section contains information in English only.
Source: Dukascopy Bank SA
PositionsTodayYesterdayChange
Longs73%71%2.7%
Shorts27%29%-7.5%
Indicator4H1D1W
MACD(12;26;9)SellSellSell
RSI(14)BuyNeutralNeutral
Stochastic(5;3;3)NeutralBuyNeutral
Alligator(13;8;5)SellSellSell
SAR(0.02;0.2)SellSellBuy
Aggregate

The Australian Dollar depreciated about 33 base points against the US Dollar on Tuesday. The currency pair was pressured down by the 50-hour simple moving average during yesterday's trading session.

As for the near future, it is likely that the Aussie will continue its southern movement against the Greenback. Bears could target a support cluster at 0.6864 in the shorter term.

However, the AUD/USD currency exchange rate is expected to aim for a re-test of the resistance cluster formed by the combination of the weekly, the monthly PPs and the 50-hour SMA at 0.6950 today.

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