AUD/USD moving sideways

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

Positions Today Yesterday % Change
Longs 74% 65% 12.16%
Shorts 26% 35% -34.62%
Indicator 4H 1D 1W
MACD (12; 26; 9) Sell Sell Sell
RSI (14) Neutral Neutral Neutral
Stochastic (5; 3; 3) Neutral Neutral Buy
Alligator (13; 8; 5) Sell Sell Sell
SAR (0.02; 0.2) Sell Sell Sell
Aggregate

The Australian Dollar traded sideways movement against the US Dollar on Wednesday. The currency pair was moving within a trading range of 0.7077 and 0.7032 during the previous trading session. 

Technical indicators suggest that the AUD/USD currency pair will continue its southern movement within this session. If the technical signals are right, the currency exchange rate is likely to dash through the one-week trading range during the following hours.

The possible downside targets will be near a support cluster formed by the weekly and the monthly PPs at 0.6980.

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