AUD/USD gets squeezed in near 0.76

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

Positions Today Yesterday % Change
Longs 70% 74% -5.71%
Shorts 30% 26% 13.33%
Indicator 4H 1D 1W
MACD (12; 26; 9) Sell Sell Sell
RSI (14) Buy Neutral Neutral
Stochastic (5; 3; 3) Buy Buy Neutral
Alligator (13; 8; 5) Sell Sell Sell
SAR (0.02; 0.2) Sell Sell Sell
Aggregate

It can be observed on the hourly chart of the AUD/USD pair that the narrow ranged descending pattern has been broken.

It was initially expected that the support near the 0.7610 mark will hold its ground. Instead it was passed and the decline of the Aussie extended against the US Dollar. 

Although, the decline of the rate had stopped on Tuesday due to the encounter of a support line of another dominant pattern, which was also drawn previously.

In regards to the near future, watch the rate, as it either breaks out to the upside or downside from the 0.7580 to 0.7610 zone.

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