AUD/USD falls below SMAs

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

Positions Today Yesterday % Change
Longs 49% 45% 8.16%
Shorts 51% 55% -7.84%
Indicator 4H 1D 1W
MACD (12; 26; 9) Buy Sell Sell
RSI (14) Neutral Neutral Neutral
Stochastic (5; 3; 3) Neutral Neutral Neutral
Alligator (13; 8; 5) Buy Sell Sell
SAR (0.02; 0.2) Sell Buy Sell
Aggregate

Downside risks pushed the AUD/USD pair lower on Wednesday even though technical sentiment were flashing a bullish signal; the rate fell below the 55-, 100-, and 200-hour SMAs during the end of the session.

Given that a breakout had occurred through the lower boundary of an ascending channel, the currency pair could be set for a decline in the short-term. However, the price has been consolidating during the first part of Thursday's session.

Everything being equal, it is likely that the currency exchange rate pushes lower towards a support cluster formed by the combination of the weekly and the monthly PPs at 0.7240 during the following trading session.  

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