AUD/USD bearish bias

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Source: Dukascopy Bank SA
PositionsTodayYesterdayChange
Longs57%60%-4.6%
Shorts43%40%6.1%
Indicator4H1D1W
MACD(12;26;9)SellSellBuy
RSI(14)NeutralNeutralNeutral
Stochastic(5;3;3)NeutralNeutralBuy
Alligator(13;8;5)SellSellNeutral
SAR(0.02;0.2)SellSellSell
Aggregate⇘⇘⇒

[ANNOUNCE]On Tuesday, the Australian Dollar declined by 65 pips or 0.87% against the US Dollar. The currency pair was pressured lower by the 50– and 200– hour SMAs during Tuesday's trading session.[/ANNOUNCE]

Technical indicators flash bearish signals on the 4H and daily time-frame charts. Most likely, the exchange rate could continue to edge lower during the following trading session.

However, the weekly support level at 0.7400 could provide support for the AUD/USD currency exchange rate within this session.

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