AUD/USD likely to ease today

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

Positions Today Yesterday % Change
Longs 54% 48% 11.11%
Shorts 46% 52% -13.04%
Indicator 4H 1D 1W
MACD (12; 26; 9) Sell Sell Sell
RSI (14) Neutral Neutral Neutral
Stochastic (5; 3; 3) Neutral Neutral Neutral
Alligator (13; 8; 5) Sell Sell Sell
SAR (0.02; 0.2) Sell Buy Sell
Aggregate

Strong bearish sentiment guided the AUD/USD currency pair on Wednesday. The Australian Dollar breached the monthly S1 and the weekly pivot point during the morning hours of yesterday session which was followed by a 1% decline against the US Dollar.This sentiment allowed the pair to return to a dominant descending channel.

Even if the price managed to push slightly lower during the following hours, these bearish force are unlikely to surpass the psychological 0.72 level throughout this session.

Thus, it is more likely that bulls try to regain some of their lost points today and thus send the Aussie up to the 50-hour simple moving average.

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