AUD/USD bears could prevail

Note: This section contains information in English only.
Source: Dukascopy Bank SA
PositionsTodayYesterdayChange
Longs52%52%0.6%
Shorts48%48%-0.7%
Indicator4H1D1W
MACD(12;26;9)SellBuySell
RSI(14)NeutralNeutralNeutral
Stochastic(5;3;3)NeutralBuyNeutral
Alligator(13;8;5)SellBuySell
SAR(0.02;0.2)SellSellSell
Aggregate

On Friday, the Australian Dollar declined by 61 pips or 0.82% against the US Dollar. The AUD/USD currency pair breached the 50– and 200– hour SMAs during Friday's trading session.

Technical indicators suggest selling signals on the 4H time-frame chart. Most likely, sellers could continue to drive the exchange rate lower during the following trading session.

However, the lower line of a descending channel pattern could provide support for the currency exchange rate within this session.

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