AUD/USD aim for re-test of 0.7135

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

 Positions Today Yesterday Change
 Longs 65% 71% -9.2%
 Shorts 35% 29% 17.1%
       
 Indicator 4H 1D 1W
 MACD(12;26;9) Buy Sell Sell
 RSI(14) Neutral Neutral Neutral
 Stochastic(5;3;3) Neutral Neutral Neutral
 Alligator(13;8;5) Buy Neutral Sell
 SAR(0.02;0.2) Buy Buy Buy
 Aggregate

The Australian Dollar appreciated about 48 base points against the US Dollar on Monday. The currency pair was supported by a cluster formed by the weekly pivot point and the 100-hour simple moving average at 0.7135.

As for the near future, it is likely that the AUD/USD exchange rate will aim for a re-test of the support cluster as mentioned earlier. 

If the cluster holds, bullish traders could push the currency exchange rate towards a weekly resistance level at 0.7201 today. 

However, if the currency exchange rate passes the support line, a decline towards the 0.7100 regions could be expected.

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