AUD/USD plummets through all support

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

Positions Today Yesterday % Change
Longs 60% 70% -16.67%
Shorts 40% 30% 25.00%
Indicator 4H 1D 1W
MACD (12; 26; 9) Sell Sell Sell
RSI (14) Neutral Neutral Neutral
Stochastic (5; 3; 3) Buy Neutral Neutral
Alligator (13; 8; 5) Sell Neutral Sell
SAR (0.02; 0.2) Sell Buy Sell
Aggregate

The Australian Dollar has plummeted during the last 24 hours against the US Dollar as a brick. Initially it was thought that a strong support cluster near the 0.7780 mark will hold the ground. At that level the support of a new medium term pattern was located at together with the 55 and 100-hour SMAs. 

In addition, a support line of a previously active descending channel managed to slow down the fall. However, after less than ten hours, it was passed. 

The next target from a technical perspective for the rate was the weekly first support at the 0.7675 mark.

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