AUD/USD likely to edge lower today

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Source: Dukascopy Bank SA

 Positions Today Yesterday Change
 Longs 66% 68% -3.0%
 Shorts 34% 32% 5.9%
       
 Indicator 4H 1D 1W
 MACD(12;26;9) Sell Sell Sell
 RSI(14) Neutral Neutral Neutral
 Stochastic(5;3;3) Sell Neutral Neutral
 Alligator(13;8;5) Neutral Sell Sell
 SAR(0.02;0.2) Buy Sell Buy
 Aggregate ⇒ ⇘ ⇒

[ANNOUNCE]The Australian Dollar appreciated about 66 base points against the US Dollar on Friday. The currency pair reached a three-week high level at 0.7160 during the morning hours of today's session.[/ANNOUNCE] 

As for the near future, it is likely that the AUD/USD exchange rate edges lower toward a support cluster formed by the monthly pivot point and the combination of the 100– and 200-hour SMAs at 0.7109.

If this support cluster as mentioned above holds, the currency exchange rate will continue its gradual upside movement during the following trading sessions.

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