AUD/USD reaches 0.7659 mark

Source: Dukascopy Bank SA

Positions Today Yesterday % Change
Longs 35% 36% -2.86%
Shorts 65% 64% 1.54%
Indicator 4H 1D 1W
MACD (12; 26; 9) Buy Buy Buy
RSI (14) Neutral Neutral Neutral
Stochastic (5; 3; 3) Sell Sell Sell
Alligator (13; 8; 5) Buy Buy Buy
SAR (0.02; 0.2) Buy Sell Buy
Aggregate

The second half of Tuesday AUD/USD spent in a limbo between the weekly PP and the 200-hour SMA from the top and the 20-, 55- and 100-hour SMAs from the bottom. Eventually, the pressure from the southern side prevailed and the currency pair made a breakout in the upward direction from a three-day channel up. Subsequently, the Aussie reached the weekly R1 at 0.7677 mid-session. It is likely that the pair reverses circa this level. The nearest support is set by the 20-hour SMA near 0.7643, however, a cluster formed by the 55– and 200-hour SMAs and the weekly PP should be regarded as a more probable price target. In general, it is expected that the rate will try to rebound from the channel down.

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