AUD/USD decline likely to continue

Note: This section contains information in English only.
Source: Dukascopy Bank SA
PositionsTodayYesterdayChange
Longs57%54%5.6%
Shorts43%46%-7.5%
Indicator4H1D1W
MACD(12;26;9)SellSellBuy
RSI(14)BuyNeutralNeutral
Stochastic(5;3;3)BuyBuyNeutral
Alligator(13;8;5)SellSellBuy
SAR(0.02;0.2)SellSellSell
Aggregate⇒⇘⇒

[ANNOUNCE]The Australian Dollar edged lower by 142 pips or 1.83% against the US Dollar on Tuesday. The currency pair breached the weekly support level at 0.7674 during yesterday's trading session.[/ANNOUNCE]

All things being equal, the exchange rate could continue to edge lower in a descending channel pattern during the following trading session. The potential target sellers will be near the 0.7523 area.

However, the AUD/USD currency exchange rate might make an upside reversal from the weekly S2 at 0.7611 today.

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