AUD/USD pairs trading within range

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

Positions Today Yesterday % Change
Longs 72% 74% -2.78%
Shorts 28% 26% 7.14%
Indicator 4H 1D 1W
MACD (12; 26; 9) Neutral Neutral Neutral
RSI (14) Neutral Sell Neutral
Stochastic (5; 3; 3) Neutral Neutral Buy
Alligator (13; 8; 5) Buy Sell Sell
SAR (0.02; 0.2) Buy Sell Sell
Aggregate

The Australian Dollar continues to move sideways against the US Dollar for the third consecutive session. The currency pair has been trading within the range of 0.7534 and 0.7489 since May 17.

By the middle of Monday's session, the exchange rate has moved closer to the upper boundary of a dominant descending pattern and this might result in a breakout from the channel down. Meanwhile, a support cluster formed by the weekly pivot point and the 100– and 200– hour SMAs at 0.7508 was providing support for the rate. 

Regarding near future, the AUD/USD currency exchange rate is likely to continue moving within aforementioned trading range during the next session.

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