AUD/USD targets at 0.7244

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

Positions Today Yesterday % Change
Longs 56% 57% -1.79%
Shorts 44% 43% 2.27%
Indicator 4H 1D 1W
MACD (12; 26; 9) Sell Sell Sell
RSI (14) Buy Buy Neutral
Stochastic (5; 3; 3) Neutral Buy Neutral
Alligator (13; 8; 5) Sell Sell Sell
SAR (0.02; 0.2) Sell Sell Sell
Aggregate

Downside risks dominated the AUD/USD currency pair on Friday, thus allowing the Australian Dollar to lose 1.12% of its values against the US Dollar. However, the lower boundary of a junior descending channel stopped the decline.

Bulls began to gain momentum during the morning hours of Monday's session, and the potential target for the currency exchange rate could be a resistance cluster formed by the 50-hour simple moving average and the weekly pivot point near the 0.7244 regions.

If and when the resistance cluster mentioned above holds, a brief retracement down might be a possibility during the following trading session.   

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