AUD/USD falls on fundamentals

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

Positions Today Yesterday % Change
Longs 30% 30% 0.00%
Shorts 70% 70% 0.00%
Indicator 4H 1D 1W
MACD (12; 26; 9) Buy Buy Buy
RSI (14) Neutral Neutral Neutral
Stochastic (5; 3; 3) Sell Sell Sell
Alligator (13; 8; 5) Neutral Buy Buy
SAR (0.02; 0.2) Sell Buy Buy
Aggregate

A an announcement of the RBA's interest rate early this morning caused a 51-pip depreciation of the Aussie, which pushed the currency pair out of the channel and threw it though the 200-hour SMA at 0.7616. Nevertheless, the freefall was neutralized by the weekly S1 at 0.7600. Accordingly, the rebound is expected to be confirmed by the middle of the day. But even if it happens, the recovery most probably will be limited by the above 200-hour SMA, which will serve as a cellar that prevents the pair from surging to the weekly PP at 0.7656. In the opposite scenario, the current downtrend might be prolonged until the currency rate slides to the next support level formed by the weekly S2 at 0.7507.

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