AUD/USD moving towards target at 0.7144

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

Positions Today Yesterday % Change
Longs 58% 52% 10.34%
Shorts 42% 48% -14.29%
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 Neutral
SAR (0.02; 0.2) Sell Sell Buy
Aggregate

The Australian Dollar has continued its southern journey against the US Dollar in a descending channel pattern.

Everything being equal, it is likely that bearish traders could drive the currency exchange rate down towards a support cluster formed by the combination of the weekly and the monthly PPs at 0.7144.

However, it is important to know that the US macroeconomic data releases schedule at 12:30 GMT could play a significant roll in the overall positioning of the AUD/USD currency pair within this session.

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