AUD/USD reaches one-month low

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

Positions Today Yesterday % Change
Longs 70% 61% 12.86%
Shorts 30% 39% -30.00%
Indicator 4H 1D 1W
MACD (12; 26; 9) Sell Sell Sell
RSI (14) Buy Buy Neutral
Stochastic (5; 3; 3) Buy Buy Neutral
Alligator (13; 8; 5) Sell Sell Sell
SAR (0.02; 0.2) Sell Sell Buy
Aggregate `

The AUD/USD currency pair has been driven by downside risks since June 13. The exchange rate was pressured south after hitting the upper boundary of a descending channel.

As a result, bears pushed the exchange rate down towards the bottom border of the aforementioned pattern. Also, a breakout could occur through the lower boundary of the channel down during the following trading session.

It is likely that the Australian Dollar tries to make U-turn north within the next session; however, the strength of the Greenback against other major currencies might not allow such move to take place today. 

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