AUD/USD remains below 0.7275

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

Positions Today Yesterday % Change
Longs 67% 62% 7.46%
Shorts 33% 38% -15.15%
Indicator 4H 1D 1W
MACD (12; 26; 9) Buy Sell Sell
RSI (14) Sell Neutral Neutral
Stochastic (5; 3; 3) Neutral Sell Neutral
Alligator (13; 8; 5) Buy Sell Sell
SAR (0.02; 0.2) Buy Buy Sell
Aggregate

The AUD/USD currency pair appreciated by 60 base points on Wednesday. The rate tested a resistance line formed by the monthly pivot point at 0.7275 during the end of the previous trading session. 

Two situations are likely to occur to this currency pair within the following trading session. Firstly, the price could breach the resistance level at 0.7275 and aim for the upper boundary of an ascending channel at 0.7291.

Secondly, if the resistance line mentioned above holds, the currency exchange rate could make a brief pullback towards a support line set by the weekly R1 at 0.7228 during this session.

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