AUD/USD trading within ranges

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

Positions Today Yesterday % Change
Longs 72% 72% 0.00%
Shorts 28% 28% 0.00%
Indicator 4H 1D 1W
MACD (12; 26; 9) Sell Sell Sell
RSI (14) Buy Buy Neutral
Stochastic (5; 3; 3) Neutral Buy Buy
Alligator (13; 8; 5) Sell Sell Sell
SAR (0.02; 0.2) Buy Sell Sell
Aggregate

The AUD/USD currency pair has been pressured by bears since April 19 which resulted in the rate falling to a four-month low at 0.7556. The decline was temporary stopped by the weekly S2 at 0.7556.

By mid-Thursday, the exchange rate squeezed in between the monthly and the weekly PPs range. It is likely there could be a breakout from the pivot points within this trading session.

Technical indicators favour bears to grow stronger during the following day. In the meantime, the currency exchange rate is likely to continue to decline further south until it reaches support level at 0.7456 formed by the weekly S3.

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