AUD/USD guided by a descending trend

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

Positions Today Yesterday % Change
Longs 57% 56% 1.75%
Shorts 43% 44% -2.33%
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 Sell Sell
Aggregate

Bulls guided the Australian Dollar towards the upper boundary of a descending channel against the US Dollar. However, the 55-hour SMA pushed the rate downwards.  

Bears began to gain momentum during the morning hours of Tuesday's session, and the potential target for the currency exchange rate could be the weekly S1 at the 0.7127 mark. 

It is the unlikely case that some bullish pressure still prevails in the market, the Australian Dollar should not exceed the weekly PP and the 100-hour SMA at 0.7275.

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