Technical Analysis

AUD/USD tests support cluster
Fri, 13 Sep 2019 09:14:33 GMT
Source: Dukascopy Bank SA
 
PositionsTodayYesterdayChange
Longs58%58%-0.6%
Shorts43%42%0.8%
Indicator4H1D1W
MACD(12;26;9)BuyBuySell
RSI(14)NeutralNeutralNeutral
Stochastic(5;3;3)NeutralNeutralNeutral
Alligator(13;8;5)BuyBuySell
SAR(0.02;0.2)SellBuySell
Aggregate

The Australian traded within the range of 0.6856/0.6892 against the US Dollar during this week's trading sessions. A breakout occurred through the lower boundary of an ascending channel pattern at 0.6880 on Thursday.

The exchange rate is currently testing a support cluster formed by the 50– and 100– hour SMAs at 0.6865.

If the support cluster holds, the AUD/USD currency pair will resume its upside movement within this session.

However, if the currency exchange rate passes the 50– and 100– hour SMAs, a decline towards the 0.6842 area could be expected today.


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