AUD/USD strong sell signals

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

Positions Today Yesterday % Change
Longs 60% 57% 5.00%
Shorts 40% 43% -7.50%
Indicator 4H 1D 1W
MACD (12; 26; 9) Buy Sell Sell
RSI (14) Neutral Neutral Neutral
Stochastic (5; 3; 3) Neutral Neutral Buy
Alligator (13; 8; 5) Buy Sell Sell
SAR (0.02; 0.2) Buy Sell Sell
Aggregate

Bullish sentiment dominated the AUD/USD currency pair during the pair part of Tuesday's session. The upside momentum was stopped after the pair pierced the monthly PP at 0.7392.

Bulls failed to move past that barrier yesterday, however, during the early hours of Wednesday's trading session, the pair dashed through the aforementioned resistance. By the European session, bears took control of the market and sent the pair to breached the 200-hour simple moving average.

Technical indicators flash a strong sell signal today. Therefore, bears are likely to grow stronger in this session.

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