AUD/USD breaches support cluster at 0.7115

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

Positions Today Yesterday % Change
Longs 58% 71% -22.41%
Shorts 42% 29% 30.95%
Indicator 4H 1D 1W
MACD (12; 26; 9) Sell Sell Sell
RSI (14) Neutral Neutral Neutral
Stochastic (5; 3; 3) Sell Neutral Neutral
Alligator (13; 8; 5) Neutral Sell Sell
SAR (0.02; 0.2) Buy Sell Buy
Aggregate

Upside risks prevailed in the market on Tuesday, thus sending the Australian Dollar to surged about 65 base points against the US Dollar. This rally was stopped by the 200-hour SMA.

The currency pair breached a support cluster formed by the weekly and the monthly PPs at 0.7115 during the first half of Wednesday's trading session. Presently, the pair is trading near a support level formed by the 50– and 100– hour SMAs at 0.7085.

If this support line as mentioned above holds, the AUD/USD currency exchange rate could make a U-turn north and aim at the 200-hour simple moving average at 0.7133 during the following trading session.

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