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AUD/USD likely to encounter support cluster

Note: This section contains information in English only.
Source: Dukascopy Bank SA
PositionsTodayYesterdayChange
Longs42%34%18.6%
Shorts58%66%-13.5%
Indicator4H1D1W
MACD(12;26;9)SellBuyBuy
RSI(14)NeutralNeutralNeutral
Stochastic(5;3;3)NeutralBuySell
Alligator(13;8;5)SellBuyBuy
SAR(0.02;0.2)SellSellBuy
Aggregate⇘⇗⇗

[ANNOUNCE]The Australian Dollar has declined by 129 basis points or 1.87% against the US Dollar since Friday's trading session. The currency pair was pressured lower by the 50– hour simple moving average. [/ANNOUNCE]

Most likely, the AUD/USD exchange rate will continue to trade in the descending channel pattern. The potential target for bearish traders would be at the 0.6700 level.

However, a support cluster formed by the monthly R1 and the weekly S1 near 0.6754 could provide support for the currency exchange rate during the following trading session.

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XAU/USD consolidated near 1,740.00

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