AUD/USD sets for decline

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

Positions Today Yesterday % Change
Longs 54% 57% -5.56%
Shorts 46% 43% 6.52%
Indicator 4H 1D 1W
MACD (12; 26; 9) Buy Sell Buy
RSI (14) Neutral Neutral Neutral
Stochastic (5; 3; 3) Sell Sell Sell
Alligator (13; 8; 5) Buy Neutral Buy
SAR (0.02; 0.2) Sell Buy Buy
Aggregate

Despite showing signs of a possible recovery yesterday, the Australian Dollar Failed to overcome the bearish momentum, and by the of the US trading session on Wednesday, the currency pair breached the lower boundary of a channel up.

Since the exchange rate has not yet been able to gain strength, it is very unlikely that this session would introduce significant changes to its positioning, especially if the upside is restricted by SMAs.

As for near future, the currency exchange rate is likely to decline further until it finds support at the 200-hour simple moving average.

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