AUD/USD test monthly S1

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

Positions Today Yesterday % Change
Longs 64% 62% 3.13%
Shorts 36% 38% -5.56%
Indicator 4H 1D 1W
MACD (12; 26; 9) Sell Sell Buy
RSI (14) Neutral Neutral Neutral
Stochastic (5; 3; 3) Sell Sell Sell
Alligator (13; 8; 5) Sell Neutral Buy
SAR (0.02; 0.2) Sell Sell Buy
Aggregate

The Australian Dollar edged lower on Tuesday. This depreciation was stopped by the monthly S1 near the 0.7855 area, which provided temporary pressure for the rate head back north. 

The exchange rate developed a new downward trend and this might indicate that the AUD/USD is set for a long-term decline. 

Technical indicators suggest that the overall movement during the following 24 hours should be bearish. However, given that technical sentiment is located in the oversold territory, a correction south is likely.

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