AUD/USD surge in sight

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

Positions Today Yesterday % Change
Longs 51% 56% -9.80%
Shorts 49% 44% 10.20%
Indicator 4H 1D 1W
MACD (12; 26; 9) Sell Buy Sell
RSI (14) Neutral Neutral Neutral
Stochastic (5; 3; 3) Neutral Neutral Neutral
Alligator (13; 8; 5) Sell Buy Sell
SAR (0.02; 0.2) Sell Sell Buy
Aggregate

The Australian Dollar depreciated about 95 base points against the US Dollar on Tuesday. The currency pair was pressured south by the 50-hour simple moving average during yesterday's session.

The exchange rate was near a resistance level formed by the 200-hour SMA at 0.7248 during the European session on Wednesday.

If this resistance level holds, a breakout through the lower boundary of an ascending channel could be expected today.

However, if the currency exchange rate passes the resistance level, the pair could target a cluster formed by the weekly PP and the combination of the 50– and 100-hour SMAs at 0.7278 today.

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