AUD/USD tests 200– hour SMA

Source: Dukascopy Bank SA
PositionsTodayYesterdayChange
Longs72%74%-2.2%
Shorts28%26%5.7%
Indicator4H1D1W
MACD(12;26;9)SellSellSell
RSI(14)NeutralNeutralNeutral
Stochastic(5;3;3)NeutralNeutralNeutral
Alligator(13;8;5)NeutralSellSell
SAR(0.02;0.2)BuySellSell
Aggregate

As predicted on, the Australian Dollar versus the US Dollar tested a resistance level formed by the 200– hour simple moving average at 0.6810 during Thursday's trading session. The currency pair appreciated about 0.88% in value during the previous session.

If the resistance level formed by the 200– period SMA holds, the AUD/USD exchange rate will make a brief retracement towards the 0.6759 regions within this session.

Technical indicators demonstrate that the currency exchange rate might finish this week's trading session on the decline.

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