AUD/USD could make pullback

Note: This section contains information in English only.
Source: Dukascopy Bank SA
PositionsTodayYesterdayChange
Longs63%61%2.8%
Shorts37%39%-4.7%
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

The Australian Dollar declined 31 pips or 0.41% against the US Dollar on Thursday. The currency pair breached the weekly support level at 0.7611 during yesterday's trading session.

The AUD/USD exchange rate is likely to make a brief pullback towards a resistance level at 0.7674 during the following trading session.

However, if the currency exchange rate breaks a support line formed by the 50– hour simple moving average at 0.7597, bearish traders could target the 0.7520 level within this session.

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