AUD/USD remains below 0.7200

Source: Dukascopy Bank SA
PositionsTodayYesterdayChange
Longs35%34%2.2%
Shorts65%66%-1.2%
Indicator4H1D1W
MACD(12;26;9)BuyBuyBuy
RSI(14)NeutralNeutralSell
Stochastic(5;3;3)BuyNeutralSell
Alligator(13;8;5)NeutralBuyBuy
SAR(0.02;0.2)SellBuyBuy
Aggregate

The Australian Dollar traded below the 0.7200 level against the US Dollar on Monday. The 100– hour simple moving average provided resistance for the currency pair during yesterday's trading session.

If the resistance level formed by the 100– hour SMA holds, sellers could pressure the AUD/USD exchange rate towards the 0.7120 area during the following trading session.

However, if the currency exchange rate breaks the resistance line, a surge towards the 0.7200 marks could be expected today.

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