AUD/USD decline likely to continue

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

 Positions Today Yesterday Change
 Longs 69% 74% -7.2%
 Shorts 31% 26% 16.1%
       
 Indicator 4H 1D 1W
 MACD(12;26;9) Buy Sell Sell
 RSI(14) Neutral Neutral Neutral
 Stochastic(5;3;3) Neutral Sell Neutral
 Alligator(13;8;5) Buy Neutral Sell
 SAR(0.02;0.2) Sell Buy Buy
 Aggregate

The Australian Dollar versus the US Dollar remained stable on Wednesday. The currency pair was trading below the weekly resistance level at 0.7177 during the previous trading session. 


However, the exchange rate began Thursday's trading session with a strong downside movement. The AUD/USD pair depreciated about 120 base points during the first half of the trading session.

Everything being equal, it is likely that the currency exchange rate regains some of its lost points today.

The potential upside target will be near the 50-hour simple moving average at 0.7151.

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