AUD/USD breached 55-hour SMA

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Source: Dukascopy Bank SA

Positions Today Yesterday % Change
Longs 58% 61% -5.17%
Shorts 42% 39% 7.14%
Indicator 4H 1D 1W
MACD (12; 26; 9) Buy Sell Sell
RSI (14) Neutral Neutral Neutral
Stochastic (5; 3; 3) Neutral Neutral Neutral
Alligator (13; 8; 5) Buy Neutral Sell
SAR (0.02; 0.2) Buy Buy Sell
Aggregate ⇗ ⇒ ⇘

[ANNOUNCE]The AUD/USD exchange rate was constrained by the newly ascending channel pattern on Tuesday. The currency pair breached a resistance cluster formed by the combination of the weekly, the monthly PPs and the 200-hour simple moving average as can be observed on the 1H chart. [/ANNOUNCE]

By the middle of Wednesday's session, the currency pair has breached the lower boundary of the newly formed ascending channel and also tested by the 55-hour simple moving average.

Technical indicators on the 4H time-frame demonstrate that bullish sentiment is likely to prevail today.

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