AUD/USD decline likely to continue

Note: This section contains information in English only.
Source: Dukascopy Bank SA
PositionsTodayYesterdayChange
Longs63%63%0.5%
Shorts37%37%-0.9%
Indicator4H1D1W
MACD(12;26;9)SellSellBuy
RSI(14)NeutralNeutralNeutral
Stochastic(5;3;3)BuyNeutralNeutral
Alligator(13;8;5)SellSellBuy
SAR(0.02;0.2)SellSellSell
Aggregate

The Australian Dollar declined by 72 pips or 0.94% against the US Dollar on Tuesday. The currency pair breached the 50– hour simple moving average during yesterday's trading session.

All things being equal, the AUD/USD currency exchange rate could continue to edge lower during the following trading session. Sellers are likely to target the weekly support level at 0.7540.

A potential upside reversal could occur from the weekly S1 at 0.7540 within this session.

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