AUD/USD fails to leave SMAs

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

Positions Today Yesterday % Change
Longs 60% 61% -1.67%
Shorts 40% 39% 2.50%
Indicator 4H 1D 1W
MACD (12; 26; 9) Buy Sell Buy
RSI (14) Neutral Neutral Neutral
Stochastic (5; 3; 3) Sell Sell Neutral
Alligator (13; 8; 5) Buy Sell Neutral
SAR (0.02; 0.2) Buy Sell Sell
Aggregate

AUD/USD has demonstrated high volatility during the past two sessions. Nevertheless, the pair has failed to leave the 200-, 100– and 55-hour SMAs and the weekly PP. 

After pushing through this resistance cluster mid-Thursday, it was expected that the Aussie could finally accelerate towards the upper channel boundaries of both junior and senior channel circa 0.7720. However, the bullish sentiment lost its strength near 0.77 and thus pushed the rate back below the aforementioned SMAs. 

It is likely that the Aussie tries to repeat this scenario and pushes for the senior channel during Monday and remains in that region until mid-Monday. 

Conversely, a continuous depreciation could guide the pair towards 0.7640. The next support is the distant weekly S1 at 0.7617.

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