AUD/USD is likely to edge lower

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

Positions Today Yesterday % Change
Longs 55% 59% -7.27%
Shorts 45% 41% 8.89%
Indicator 4H 1D 1W
MACD (12; 26; 9) Buy Sell Sell
RSI (14) Neutral Neutral Neutral
Stochastic (5; 3; 3) Sell Sell Neutral
Alligator (13; 8; 5) Buy Sell Sell
SAR (0.02; 0.2) Buy Buy Sell
Aggregate

As apparent on the chart, the Aussie was testing the senior channel for two consecutive sessions, thus signalling to a possible breakout. This move occurred early on Monday when the pair dashed through a resistance cluster set by the senior channel and the 55-hour SMA circa 0.7620. 

It is expected that the given breakout is followed by a retracement back to the upper channel line. Technical indicators also point to a possible decline within the following day. 

A considerable resistance is provided by the 100-hour SMA, the weekly PP and the 200-hour SMA located in the 0.7590/0.7605 area.

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