AUD/USD two scenarios likely

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Source: Dukascopy Bank SA
PositionsTodayYesterdayChange
Longs61%57%5.9%
Shorts39%43%-9.2%
Indicator4H1D1W
MACD(12;26;9)SellSellBuy
RSI(14)BuyNeutralNeutral
Stochastic(5;3;3)BuyBuyNeutral
Alligator(13;8;5)SellSellBuy
SAR(0.02;0.2)SellSellSell
Aggregate⇒⇘⇒

[ANNOUNCE]The Australian Dollar declined by 54 pips or 0.70% against the US Dollar on Wednesday. The currency pair breached the weekly support level at 0.7611 during yesterday's trading session.[/ANNOUNCE]

Technical indicators suggest selling signals on the 4H and the daily time-frame charts. The AUD/USD exchange rate is likely to continue to edge lower during the following trading session.

On the other hand, the currency exchange rate might make a brief pullback towards the 0.7675 level today.

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