AUD/USD retrace south

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

Positions Today Yesterday % Change
Longs 34% 36% -5.88%
Shorts 66% 64% 3.03%
Indicator 4H 1D 1W
MACD (12; 26; 9) Buy Buy Buy
RSI (14) Neutral Sell Neutral
Stochastic (5; 3; 3) Sell Sell Sell
Alligator (13; 8; 5) Buy Buy Buy
SAR (0.02; 0.2) Buy Buy Buy
Aggregate

The AUD/USD pair continues to be maintaining its movements in the previously described ascending channel. The decline of US Dollar against other major currency is the main factor driving the AUD/USD currency pair to move higher. 

The bullish movement is likely to continue in the short-term future until it reaches the weekly pivot point near the 0.8180 mark. 

Meanwhile, regarding the longer term future trading, the US Dollar might soon start gaining strength. Although, that might happen after it breaches the dominant channel's upper boundary.

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