AUD/USD flashes sell signals

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

Positions Today Yesterday % Change
Longs 58% 62% -6.90%
Shorts 42% 38% 9.52%
Indicator 4H 1D 1W
MACD (12; 26; 9) Sell Sell Sell
RSI (14) Neutral Neutral Neutral
Stochastic (5; 3; 3) Sell Sell Sell
Alligator (13; 8; 5) Sell Sell Neutral
SAR (0.02; 0.2) Buy Sell Sell
Aggregate

Downside risk dominated the Aussie yesterday. However, a strong bullish momentum took control of the market on Tuesday. This upside risks started during the early hours of today trading session and by the middle of the day, the currency pair has breached both the 55-, 100-, and the 200– hour SMAs. Also, the pair tested the upper boundary of a channel down.

After hitting the upper border of the descending channel, the AUD/USD exchange made a U-turn south.

Technical indicators still remain bearish. Therefore, the currency pair could continue to decline further during the following session.

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