AUD/USD retreats to 0.7942

Source: Dukascopy Bank SA

Positions Today Yesterday % Change
Longs 31% 34% -9.68%
Shorts 69% 66% 4.35%
Indicator 4H 1D 1W
MACD (12; 26; 9) Buy Buy Buy
RSI (14) Neutral Sell Sell
Stochastic (5; 3; 3) Buy Buy Sell
Alligator (13; 8; 5) Buy Buy Buy
SAR (0.02; 0.2) Buy Buy Buy
Aggregate

In line with expectations, in an attempt to restore lost positions, the currency pair has, firstly, slipped down to the 0.8001 level and, secondly, to the 0.7964, which represented an upper trend-line for the preceding pattern. In the early Friday morning, the pair found strength to slide down towards the 0.7941 level, which represents a point from which it started the 34.4-pip surge two days ago. Given that this support level is additionally protected by the 200-hour SMA, the currency exchange rate is expected to gradually climb towards the weekly R1 at 0.8010. Since next Monday will be a day of silence, the pair is expected to continue to move upwards, backed up by the 55-, 100- and 200-hour SMAs.

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