AUD/USD likely to maintain channel

Note: This section contains information in English only.
Source: Dukascopy Bank SA
PositionsTodayYesterdayChange
Longs35%36%-1.0%
Shorts65%64%0.5%
Indicator4H1D1W
MACD(12;26;9)SellBuyBuy
RSI(14)NeutralNeutralNeutral
Stochastic(5;3;3)NeutralNeutralNeutral
Alligator(13;8;5)SellBuyBuy
SAR(0.02;0.2)BuyBuyBuy
Aggregate⇒⇗⇗

[ANNOUNCE]The Australian Dollar declined by 43 points or 0.63% against the US Dollar on Monday. The decline began after the currency pair tested the resistance cluster at 0.6884 during the previous session. [/ANNOUNCE]

Everything being equal, the exchange rate could continue to trade in a descending channel pattern within the following trading session. The possible target would be at the 0.6820 area.

However, if the AUD/USD pair breaks the 50– hour SMA at 0.6868, a surge towards the 0.6900 level could be expected today.

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