AUD/USD bullish momentum

Source: Dukascopy Bank SA
PositionsTodayYesterdayChange
Longs69%74%-8.3%
Shorts31%26%18.2%
Indicator4H1D1W
MACD(12;26;9)SellSellSell
RSI(14)NeutralNeutralNeutral
Stochastic(5;3;3)NeutralNeutralNeutral
Alligator(13;8;5)SellNeutralSell
SAR(0.02;0.2)SellBuyBuy
Aggregate

Upside risks have dominated the Australian Dollar against the US Dollar since yesterday's trading session. The currency pair has appreciated about 1.25% in value since Thursday's trading session.

All things being equal, bearish traders might drive the AUD/USD exchange rate towards a support cluster formed by the 50-, 100– and 200– hour SMAs at 0.6835 within this session.

However, the currency exchange rate could continue its upward movement from the support level at 0.687 during the following trading session.

Actual Topics

Subscribe to "Fundamental Analysis" feed

Subscribe
To learn more about Dukascopy Bank CFD / Forex trading platform, SWFX and other trading related information,
please call us or make callback request.
For further information regarding potential cooperation,
please call us or make callback request.
To learn more about Dukascopy Bank Binary Options / Forex trading platform, SWFX and other trading related information,
please call us or make callback request.
To learn more about Dukascopy Bank CFD / Forex trading platform, SWFX and other trading related information,
please call us or make callback request.
To learn more about Crypto Trading / CFD / Forex trading platform, SWFX and other trading related information,
please call us or make callback request.
To learn more about Business Introducer and other trading related information,
please call us or make callback request.
For further information regarding potential cooperation,
please call us or make callback request.