AUD/USD aims at 50-hour SMA

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

Positions Today Yesterday % Change
Longs 64% 62% 3.13%
Shorts 36% 38% -5.56%
Indicator 4H 1D 1W
MACD (12; 26; 9) Buy Sell Sell
RSI (14) Neutral Neutral Buy
Stochastic (5; 3; 3) Neutral Neutral Buy
Alligator (13; 8; 5) Buy Sell Sell
SAR (0.02; 0.2) Buy Sell Sell
Aggregate

Downside risks prevailed in the market on Friday, thus sending the AUD/USD currency pair to plummet by 0.97%.

The exchange rate is currently trading in two opposite channel patterns, and the most important of the channels is the medium-term ascending channel. Furthermore, a support cluster formed by the combination of the 100– and 200-hour SMAs and the weekly pivot point at 0.7156 was proving support for the rate at the time of this analysis.

Everything being equal, it is likely that the currency exchange rate passes the 50-hour simple moving average at 0.7181 and aims for the upper boundary of a junior descending channel within this session.

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