AUD/USD testing resistance cluster at 0.5975

Note: This section contains information in English only.
Source: Dukascopy Bank SA
PositionsTodayYesterdayChange
Longs74%72%2.7%
Shorts26%28%-7.4%
Indicator4H1D1W
MACD(12;26;9)SellSellSell
RSI(14)BuyBuyBuy
Stochastic(5;3;3)BuyBuyNeutral
Alligator(13;8;5)SellSellSell
SAR(0.02;0.2)SellSellSell
Aggregate

Since Yesterday's trading session, the Australian Dollar has surged by 443 basis points or 8.04% in value against the US Dollar. The currency pair breached the 50– hour simple moving average at 0.5793 on Friday morning.

Currently, the exchange rate is testing a resistance cluster formed by the 100– hour SMA and the weekly S1 at 0.5975.

If the resistance cluster holds, the AUD/USD pair could continue to trade bearish within this session.

However, if the currency exchange rate breaks the cluster, a surge towards the 200– hour SMA at 0.6171 could be expected today.

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