AUD/USD bears market

Note: This section contains information in English only.
Source: Dukascopy Bank SA
PositionsTodayYesterdayChange
Longs73%72%1.5%
Shorts27%28%-3.9%
Indicator4H1D1W
MACD(12;26;9)SellSellSell
RSI(14)NeutralNeutralNeutral
Stochastic(5;3;3)NeutralNeutralNeutral
Alligator(13;8;5)SellSellSell
SAR(0.02;0.2)SellSellBuy
Aggregate⇘⇘⇒

[ANNOUNCE]The Australian Dollar has depreciated about 50 base points against the US Dollar since Friday's trading session.[/ANNOUNCE]

As for the near future, it is likely that bearish traders would drive the AUD/USD currency pair further south. The potential downside target will be near a support cluster formed by the combination of the weekly and the monthly pivot points at the 0.6959 area.

If the support cluster holds, a brief retracement towards the upper boundary of a descending channel pattern at 0.6987 could be expected during the following trading session.

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