AUD/USD temporary retracement

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

Positions Today Yesterday % Change
Longs 58% 55% 5.17%
Shorts 42% 45% -7.14%
Indicator 4H 1D 1W
MACD (12; 26; 9) Sell Neutral Sell
RSI (14) Sell Neutral Neutral
Stochastic (5; 3; 3) Neutral Neutral Neutral
Alligator (13; 8; 5) Sell Sell Buy
SAR (0.02; 0.2) Sell Sell Buy
Aggregate

The movement of the Australian Dollar on Monday was guided mainly by a newly formed junior ascending channel. The pair breached the upper boundary of a dominant channel during the close of the European trading session on yesterday.

The gains for the Aussie was limited due to a resistance set by the weekly pivot point at 0.7791. It is likely that the AUD/USD pair is tended south within the following trading session.This bearish moves might be hindered by a strong support cluster located near the 0.7759 area.

In the meantime, the currency exchange rate could make a reverse north if the previously described situations occur.

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