AUD/USD pair still shows weakness

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

Positions Today Yesterday % Change
Longs 71% 75% -5.63%
Shorts 29% 25% 13.79%
Indicator 4H 1D 1W
MACD (12; 26; 9) Sell Sell Sell
RSI (14) Neutral Buy 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 depreciated about 289 base points against the US Dollar on Wednesday. The currency pair tested a psychological support level at the 0.6800 during the previous trading session. 

However, the exchange rate began today's trading session with about 130 pips gains. The pair could possibly target a resistance level formed by the 50– and 100-hour SMAs at 0.7007 today.

Although, technical indicators suggest that the currency exchange rate is likely to continue its southern movement during the following trading session.

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