AUD/USD tests 100-hour SMA

Note: This section contains information in English only.
Source: Dukascopy Bank SA
PositionsTodayYesterdayChange
Longs74%75%-1.2%
Shorts26%25%3.4%
Indicator4H1D1W
MACD(12;26;9)BuySellSell
RSI(14)NeutralNeutralNeutral
Stochastic(5;3;3)BuyNeutralNeutral
Alligator(13;8;5)BuyNeutralSell
SAR(0.02;0.2)SellBuySell
Aggregate

The Australian Dollar depreciated about 42 base points against the US Dollar on Wednesday. The decline was stopped by a support level formed by the 100-hour simple moving average at 0.6965.

If the support level set by the 100-hour SMA holds, the AUD/USD currency pair will continue its upside swing during the following trading session.

However, if the currency exchange rate breaks the support line as mentioned above, a decline towards the 200-hour SMA at 0.6943 could be expected in the nearest future.

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