AUD/USD pressurized by SMAs

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

Positions Today Yesterday % Change
Longs 73% 72% 1.37%
Shorts 27% 28% -3.70%
Indicator 4H 1D 1W
MACD (12; 26; 9) Sell Sell Sell
RSI (14) Neutral Neutral Neutral
Stochastic (5; 3; 3) Neutral Neutral Buy
Alligator (13; 8; 5) Sell Sell Sell
SAR (0.02; 0.2) Buy Buy Sell
Aggregate

Bears continue their dominance over the AUD/NZD currency pair. As shown on the chart, the Aussie has reached the lower boundary of an ascending channel and could be set for a breakout within this session.

During the European trading session on Monday, the currency pair was pressured down south by the combination of the 55-, 100– and the 200—hour SMAs.

By and large, it is likely that the Australian Dollar continues its decline against the US Dollar until it reaches the weekly pivot point at 0.7641. Meanwhile, technical indicators demonstrate that bears could grow stronger during the following trading session.

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