AUD/USD decline likely to continue

Note: This section contains information in English only.
Source: Dukascopy Bank SA
PositionsTodayYesterdayChange
Longs33%32%2.2%
Shorts67%68%-1.1%
Indicator4H1D1W
MACD(12;26;9)BuyBuyBuy
RSI(14)NeutralNeutralSell
Stochastic(5;3;3)NeutralNeutralNeutral
Alligator(13;8;5)BuyBuyBuy
SAR(0.02;0.2)BuySellBuy
Aggregate⇗⇒⇗

[ANNOUNCE]The Australian Dollar declined by 28 pips or 0.36% against the US Dollar on Thursday. The currency pair reversed from the weekly R1 at 0.7780 during Thursday's trading session.[/ANNOUNCE]

All things being equal, the exchange rate could continue to edge lower during the following trading session. The possible target for the AUD/USD pair would be near the lower line of an ascending channel pattern at 0.7700.

However, a support cluster formed by the weekly pivot point and the 200– hour SMA at 0.7723 could provide support for the currency exchange rate within this session.

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