Aussie sinks amid Assistant Governor Debelle speech

Source: Dukascopy Bank SA

Positions Today Yesterday % Change
Longs 28% 28% 0.00%
Shorts 72% 72% 0.00%
Indicator 4H 1D 1W
MACD (12; 26; 9) Buy Buy Buy
RSI (14) Neutral Sell Neutral
Stochastic (5; 3; 3) Sell Sell Sell
Alligator (13; 8; 5) Buy Buy Buy
SAR (0.02; 0.2) Sell Buy Buy
Aggregate

In line with expectations, yesterday the currency exchange rate resumed a steady movement to towards the weekly R2 at 0.7998. The proof of this is that it has successfully bypassed a combined resistance level formed by the 20- and 55-hour SMAs. However, a speech delivered by the RBA Assistant Governor Guy Debelle prevented the pair from going further, forced it to make a u-turn and slip by 79 basis points right though the 20-, 55-, 100- SMAs and the weekly R1 at 0.7916. Fortunately for the Aussie, it managed to find a support at the 0.7880 level and make a reversal. Thus, it got in a limbo between the 20- and 55-hour SMAs from the top and the weekly R1 and the 100-hour SMA from the bottom. Most probably, it will not go beyond these borders until Monday.

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