AUD/USD reverses from Monday's low

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

Positions Today Yesterday % Change
Longs 68% 64% 5.88%
Shorts 32% 36% -12.50%
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

The AUD/USD currency pair managed to regain some ground following a reversal from the medium-term and the weekly pivot point at 0.7156. Presently, the Australian Dollar versus the US Dollar is moving towards the weekly resistance level at 0.7228.

Two scenarios are likely to happen within this session. Firstly, if the resistance line above holds, the exchange rate could make brief retracement south.

Second, if the price breach the resistance level, bullish traders is likely to push the currency exchange rate higher towards the upper boundary of the medium-term ascending channel at 0.7275.

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