AUD/USD testing 50– hour SMA

Source: Dukascopy Bank SA
PositionsTodayYesterdayChange
Longs66%69%-5.2%
Shorts34%31%10.0%
Indicator4H1D1W
MACD(12;26;9)BuyBuySell
RSI(14)SellNeutralNeutral
Stochastic(5;3;3)NeutralSellNeutral
Alligator(13;8;5)BuyNeutralSell
SAR(0.02;0.2)BuyBuySell
Aggregate

The Australian Dollar appreciated about 37 basis points against the US Dollar on Monday.

The exchange rate is currently testing a support level formed by the 50– hour simple moving average at 0.6853.

If the support level holds, the AUD/USD currency pair will continue its upward swing within this session.

On the other hand, if the currency exchange rate passes the 50– hour SMA, the next target for bearish traders would be at the 100- hour SMA at 0.6828.

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.