AUD/USD decline continues

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

Positions Today Yesterday % Change
Longs 56% 54% 3.57%
Shorts 44% 46% -4.55%
Indicator 4H 1D 1W
MACD (12; 26; 9) Buy Neutral Neutral
RSI (14) Neutral Sell Sell
Stochastic (5; 3; 3) Sell Neutral Neutral
Alligator (13; 8; 5) Sell Sell Buy
SAR (0.02; 0.2) Sell Sell Buy
Aggregate

Downside risks prevailed in the market on Wednesday and thus sent the Australian Dollar for a fall against the US Dollar. As a result, the rate was able to breach the monthly support at 0.7778.

During the first part of Thursday's trading session, the pair showed a slight period of uncertainty from bulls and bears, as the Aussie failed to leave the 0.7712 mark.

It is likely that this situation continues until US ISM manufacturing PMI is released. This data release might result in volatility for a short period of time. However, the overall direction for the AUD/USD pair is still expected to be bearish movement.

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