AUD/USD trading sideways

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

Positions Today Yesterday % Change
Longs 62% 58% 6.45%
Shorts 38% 42% -10.53%
Indicator 4H 1D 1W
MACD (12; 26; 9) Buy Buy Buy
RSI (14) Neutral Neutral Neutral
Stochastic (5; 3; 3) Sell Sell Sell
Alligator (13; 8; 5) Buy Neutral Buy
SAR (0.02; 0.2) Sell Buy Buy
Aggregate

As expected, the AUD/USD pair broke the support of the 100—hour SMA, which was located near 0.7909 at the end of yesterday trading session. 

By mid-Tuesday, the currency exchange rate is heading south to test the 200—hour simple moving average at 0.7874.  

Everything being equal, the currency pair is likely to continue moving south or trade sideways until it finds support at the monthly pivot point at 0.7855. Analyst expects a significant channel to develop. Also, technical indicators flash mixed signals.

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