AUD/USD pressured by SMAs

Note: This section contains information in English only.
Source: Dukascopy Bank SA
PositionsTodayYesterdayChange
Longs60%61%-1.4%
Shorts40%39%2.2%
Indicator4H1D1W
MACD(12;26;9)SellSellSell
RSI(14)NeutralNeutralNeutral
Stochastic(5;3;3)NeutralNeutralBuy
Alligator(13;8;5)NeutralSellSell
SAR(0.02;0.2)SellBuySell
Aggregate

On Tuesday, the Australian Dollar declined by 25 pips or 0.34% against the US Dollar. The currency pair encounter a resistance cluster at 0.7370 during yesterday's trading session.

The AUD/USD exchange rate is likely to continue to edge lower during the following trading session. The potential target for bearish traders would be near the 0.7310 area.

However, the weekly support level at 0.7353 could provide support for the currency exchange rate within this session.

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