AUD/USD accelerates on Friday

Source: Dukascopy Bank SA

Positions Today Yesterday % Change
Longs 66% 67% -1.52%
Shorts 34% 33% 2.94%
Indicator 4H 1D 1W
MACD (12; 26; 9) Buy Sell Sell
RSI (14) Neutral Neutral Neutral
Stochastic (5; 3; 3) Sell Neutral Neutral
Alligator (13; 8; 5) Buy Sell Sell
SAR (0.02; 0.2) Buy Buy Sell
Aggregate

Upside risks dominated the Australian Dollar against the US Dollar. As a result, the currency pair breached the 55-, 100-, and 200-hour SMAs. Friday's session saw the pair gained 118 pips or 1.61%.

After hitting the upper boundary of a downtrend line during the early hours of Monday's trading session, the exchange rate pullback for a potential test of a support level formed by the 200-hour simple moving average.

If the aforementioned support level holds, bulls could gather enough momentum to break out through the upper boundary of the descending trendline during the following trading session.

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