Technical Analysis

AUD/USD potential upside movement
Fri, 16 Aug 2019 08:45:53 GMT
Source: Dukascopy Bank SA
 
PositionsTodayYesterdayChange
Longs73%73%-0.3%
Shorts27%27%0.7%
Indicator4H1D1W
MACD(12;26;9)SellSellSell
RSI(14)NeutralNeutralNeutral
Stochastic(5;3;3)NeutralNeutralBuy
Alligator(13;8;5)SellSellSell
SAR(0.02;0.2)SellBuySell
Aggregate

The Australian Dollar appreciated about 30 basis points against the US Dollar on Thursday. A breakout occurred through the upper boundary of a descending channel pattern during yesterday's trading session.

Given that the 50-, 100– and 200– hour SMAs are below the price level, it is likely, that the currency pair will continue its upward swing during the following trading session.

However, technical indicators demonstrate that the currency exchange rate might end this week's trading sessions on a decline.


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