AUD/USD trades below 200-hour SMA

Source: Dukascopy Bank SA

Positions Today Yesterday % Change
Longs 29% 31% -6.90%
Shorts 71% 69% 2.82%
Indicator 4H 1D 1W
MACD (12; 26; 9) Sell Buy Sell
RSI (14) Neutral Neutral Neutral
Stochastic (5; 3; 3) Neutral Sell Sell
Alligator (13; 8; 5) Sell Buy Sell
SAR (0.02; 0.2) Sell Buy Buy
Aggregate

A combined support level formed by the 20– and 100-hour SMAs, the weekly PP and the bottom channel boundary failed to stop the Aussie's downfall against the US Dollar. The downward momentum put the rate in a limbo between the 200-hour SMA from the upside and the monthly S1 from the downside. In the early morning, the pair made an attempt to form a movement north, but failed to do so. It is yet to be seen if the Aussie manages to break the 0.7575 mark, as intraday signals demonstrate a clear downtrend. In general, it might be expected that the Antipodean currency halts near the weekly S1 at 0.7552 and subsequently tests the 200-hour SMA once more.

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