AUD/USD testing 200-hour SMA

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

 Positions Today Yesterday Change
 Longs 68% 67% 1.0%
 Shorts 32% 33% -2.2%
       
 Indicator 4H 1D 1W
 MACD(12;26;9) Sell Sell Sell
 RSI(14) Neutral Neutral Neutral
 Stochastic(5;3;3) Neutral Neutral Neutral
 Alligator(13;8;5) Neutral Sell Sell
 SAR(0.02;0.2) Sell Sell Buy
 Aggregate

During Wednesday's trading session, the Australian Dollar depreciated about 50 base points against the US Dollar. The decline was stopped by a support level formed by the combination of the 50– and 100-hour SMAs at 0.7093.

Thursday's session began with a bullish sentiment. Currently, the exchange rate is testing the 200-hour simple moving average at 0.7133.

If the currency pair passes the 200-hour SMA, the next target for bulls will be at the upper boundary of a descending channel pattern at 0.7169.

However, if the SMA as mentioned above hold, a decline towards a swing low of 0.7060 could be expected.

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