AUD/USD gets squeezed in

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

Positions Today Yesterday % Change
Longs 71% 71% 0.00%
Shorts 29% 29% 0.00%
Indicator 4H 1D 1W
MACD (12; 26; 9) Neutral Neutral Buy
RSI (14) Neutral Sell Neutral
Stochastic (5; 3; 3) Buy Neutral Buy
Alligator (13; 8; 5) Buy Sell Sell
SAR (0.02; 0.2) Buy Sell Sell
Aggregate

The Australian Dollar has shown high volatility against the US Dollar today. During this period, the currency pair has reached the lower boundary of a dominant descending channel.

After reaching the 23.60% Fibonacci retracement level, the AUD/USD pair began to decline. A strong bearish momentum took control of the market during the second part of Tuesday's trading session. This retracement can be measured by connecting the low at 0.7473 and the high at 0.7540.

Everything being equal, The currency exchange rate is likely to regain some of its lost positions during the following trading day.  

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