AUD/JPY fails to bypass 55-hour SMA

Source: Dukascopy Bank SA

Positions Today Yesterday % Change
Longs 38% 37% 2.63%
Shorts 62% 63% -1.61%
Indicator 4H 1D 1W
MACD (12; 26; 9) Sell Buy Buy
RSI (14) Neutral Neutral Sell
Stochastic (5; 3; 3) Sell Buy Sell
Alligator (13; 8; 5) Sell Buy Buy
SAR (0.02; 0.2) Sell Buy Buy
Aggregate

After a huge fall that was caused by a release of the US fundamental data on Friday, the currency exchange rate tried to restore some of the lost positions. However, this attempt was neutralized by the 55-hour SMA, which forced the pair to make a premature rebound. At the moment, the northern side is reliably secured by the 55-, 100-, 200-hour SMAs and the updated weekly PP at 0.7955. This fact would complicate the surge of the Aussie. On the other hand, the fall of the rate also seems unlikely, as the southern side is protected by the lower trend-line of a medium-term descending channel. However, if the pair fails to make a rebound, then it would face no other barriers until the weekly S1 at 0.7867.

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