AUD/USD fails to accelerate

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

Positions Today Yesterday % Change
Longs 63% 73% -15.87%
Shorts 37% 27% 27.03%
Indicator 4H 1D 1W
MACD (12; 26; 9) Sell Sell Sell
RSI (14) Neutral Buy Neutral
Stochastic (5; 3; 3) Neutral Buy Neutral
Alligator (13; 8; 5) Sell Sell Sell
SAR (0.02; 0.2) Buy Sell Buy
Aggregate `

Downside momentum continues to drive the Australian Dollar lower against the US Dollar. As a result, the exchange rate has reached a one-year low level near the 0.7351 mark.

After reaching the 55-hour simple moving average at  0.7403, the currency pair reversed south. By the middle of Wednesday session, the rate was stranded between the 55-hour SMA and the weekly pivot point at 0.7381.

The overall market sentiment still remains bearish; therefore, the AUD/USD currency exchange rate is likely to continue to depreciate during the following trading sessions.

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