AUD/USD prepares to leave triangle

Note: This section contains information in English only.
Source: Dukascopy Bank SA

Positions Today Yesterday % Change
Longs 33% 31% 6.06%
Shorts 67% 69% -2.99%
Indicator 4H 1D 1W
MACD (12; 26; 9) Buy Buy Buy
RSI (14) Neutral Sell Sell
Stochastic (5; 3; 3) Sell Buy Sell
Alligator (13; 8; 5) Buy Buy Buy
SAR (0.02; 0.2) Buy Buy Buy
Aggregate

After reaching the 0.7941 level last Friday, the currency pair resumed the surge towards the weekly R1 that was located near 0.8010 and made a successful rebound from it. Thus, the lowering amplitude of fluctuations brought the rate into a symmetrical triangle that was equally split by the updated weekly PP at 0.7977. By the middle of the day, the pair became squeezed between the above pivot point from the top and the 100-hour SMA from the bottom. Altogether, this means that a breakout is likely to happen in both directions. If it slipped to the bottom, the fall most probably will be stopped by the 200-hour SMA near 0.7950. In contrast, the northern side has no resistance barriers until the new weekly R1 at 0.8076.

Actual Topics

Subscribe to "Fundamental Analysis" feed

Souscrire
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.