AUD/USD King's crown

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

Positions Today Yesterday % Change
Longs 51% 53% -3.92%
Shorts 49% 47% 4.08%
Indicator 4H 1D 1W
MACD (12; 26; 9) Buy Sell Buy
RSI (14) Neutral Neutral Neutral
Stochastic (5; 3; 3) Neutral Sell Sell
Alligator (13; 8; 5) Buy Sell Neutral
SAR (0.02; 0.2) Buy Sell Sell
Aggregate ⇗ ⇓ ⇒

[ANNOUNCE]The Australian Dollar remained stable against the US Dollar during Monday's trading session. A slight bearish movement took over the market on Tuesday, thus, allowing the pair to test the weekly PP at 0.7718.[/ANNOUNCE]

The European session was dominated mainly by bears. The currency exchange rate has formed a king's crown pattern which suggests the rate could be set for further decline.

Two scenarios are likely to occur to the AUD/USD pair. First, the pair might reverse from 0.7718 and return near the 200-hour SMA. Second, a breakout through the lower boundary of the ascending channel could be a possibility.

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