AUD/USD minor fluctuation

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

Positions Today Yesterday % Change
Longs 68% 70% -2.94%
Shorts 32% 30% 6.25%
Indicator 4H 1D 1W
MACD (12; 26; 9) Sell Sell Sell
RSI (14) Neutral Neutral Neutral
Stochastic (5; 3; 3) Neutral Neutral Buy
Alligator (13; 8; 5) Sell Sell Sell
SAR (0.02; 0.2) Buy Sell Sell
Aggregate

The downside risk continues to prevail in the market as of Friday's. Bears continue to dominate the AUD/USD currency pair. The price movement still trading in a junior descending channel.

A strong resistance cluster set by the combination of the 100– hour simple moving average and the monthly pivot point at the 0.7579 mark has driven the Aussie further south.

Given that the exchange rate has tested the upper boundary of the junior pattern and reverse south, it is likely the pair continue to decline during the following trading session. However, the rate could encounter a support level set by the weekly PP at 0.7516.

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