AUD/USD reaches support cluster at 0.7152

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

Positions Today Yesterday % Change
Longs 61% 50% 18.03%
Shorts 39% 50% -28.21%
Indicator 4H 1D 1W
MACD (12; 26; 9) Buy Buy Sell
RSI (14) Neutral Neutral Neutral
Stochastic (5; 3; 3) Neutral Neutral Sell
Alligator (13; 8; 5) Buy Buy Sell
SAR (0.02; 0.2) Sell Sell Sell
Aggregate

The Australian Dollar depreciated about 63 base points against the US Dollar on Monday. The currency pair tested a support cluster formed by the combination of the weekly and the monthly pivot points at 0.7152 as predicted.

Technical indicators flash strong sell signals on the weekly time-frame chart. However, it is likely that bullish traders push the currency exchange rate towards a swing high of 0.7200 within this session.

If the support cluster as mentioned earlier continues to hold today, a breakout through the upper boundary of an ascending channel pattern is likely to occur in the nearest future.

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