AUD/USD tests resistance

Note: This section contains information in English only.
Source: Dukascopy Bank SA
PositionsTodayYesterdayChange
Longs52%49%6.4%
Shorts48%51%-6.9%
Indicator4H1D1W
MACD(12;26;9)BuyBuySell
RSI(14)NeutralNeutralNeutral
Stochastic(5;3;3)BuyNeutralNeutral
Alligator(13;8;5)NeutralBuySell
SAR(0.02;0.2)SellBuySell
Aggregate

On Thursday, the Australian Dollar surged by 37 pips or 0.50% against the US Dollar. The currency pair breached 50– and 200– hour SMAs during Thursday's trading session.

Technical indicators suggest buying signals on the daily time-frame chart. Most likely, bullish traders could pressure the AUD/USD exchange rate higher within Friday's trading session.

However, the 200– hour simple moving average at 0.7378 could provide resistance for the currency exchange rate within this session.

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