AUD/USD moving towards target

Note: This section contains information in English only.
Source: Dukascopy Bank SA
PositionsTodayYesterdayChange
Longs70%72%-2.6%
Shorts30%28%6.1%
Indicator4H1D1W
MACD(12;26;9)BuySellSell
RSI(14)NeutralNeutralBuy
Stochastic(5;3;3)NeutralNeutralNeutral
Alligator(13;8;5)BuySellSell
SAR(0.02;0.2)BuyBuySell
Aggregate⇗⇒⇘

[ANNOUNCE]The Australian Dollar has declined by 142 basis points or 2.28% in value against the US Dollar since yesterday's trading session. A breakout occurs through the lower boundary of an ascending channel pattern on Wednesday morning. [/ANNOUNCE]

Given that a breakout had occurred, the exchange rate will most likely continue to edge lower within this session. The potential target for the AUD/USD pair will be near a support cluster at the 0.6000 area.

A possible upside reversal could occur from the support cluster, as mentioned above during the following trading session.

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