AUD/USD extends decline

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

Positions Today Yesterday % Change
Longs 67% 68% -1.49%
Shorts 33% 32% 3.03%
Indicator 4H 1D 1W
MACD (12; 26; 9) Sell Buy Sell
RSI (14) Neutral Neutral Neutral
Stochastic (5; 3; 3) Neutral Neutral Neutral
Alligator (13; 8; 5) Sell Buy Sell
SAR (0.02; 0.2) Sell Buy Buy
Aggregate

Bears were the main driving force of the AUD/USD currency pair for the second consecutive trading session on Wednesday as a result of which the rate end the day with 75-pips decline.

The decline continues during the first part of Thursday's session. However, the weekly support level at 0.7549 was providing support for the exchange rate from falling further south.

If the weekly support level holds, the currency exchange rate is likely to make a corrective move north toward the 100– hour simple moving average during the following trading session.

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