AUD/USD continues to edge lower

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

Positions Today Yesterday % Change
Longs 58% 60% -3.45%
Shorts 42% 40% 4.76%
Indicator 4H 1D 1W
MACD (12; 26; 9) Sell Sell Buy
RSI (14) Neutral Neutral Neutral
Stochastic (5; 3; 3) Sell Sell Neutral
Alligator (13; 8; 5) Sell Sell Neutral
SAR (0.02; 0.2) Sell Sell Sell
Aggregate

Bears were the dominant force for AUD/USD during Friday, as neither of the three SMAs were able to diminish its intraday losses.  

Meanwhile, increased global demand for the US Dollar weighted heavily on the pair during Monday morning, as the Aussie opened below its closure level and has not since managed to edge higher. 

As apparent on the chart, the rate was testing the bottom boundary of the junior channel mid-session circa 0.7640. Technical indicators suggest that minor downside risks might dominate the pair for the following hours, but it should eventually recover from its day-and-a-half fall. 

The rate is likely to push for the 0.7670 mark where the 100-, 55– and 200-hour SMAs are located. Meanwhile, the Aussie is unlikely to move below the weekly S1 at 0.7616.

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