AUD/USD moving towards target

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

Positions Today Yesterday % Change
Longs 53% 58% -9.43%
Shorts 47% 42% 10.64%
Indicator 4H 1D 1W
MACD (12; 26; 9) Sell Sell Buy
RSI (14) Neutral Neutral Neutral
Stochastic (5; 3; 3) Sell Sell Sell
Alligator (13; 8; 5) Neutral Sell Neutral
SAR (0.02; 0.2) Sell Sell Sell
Aggregate

The price movement for the Australian Dollar has been guided mainly by a newly-formed junior ascending pattern. The rate breached the upper boundary of a channel down during the Asian session on Monday.

The gains for the AUD/USD currency pair was limited due to a resistance set by the 200-hour SMA at 0.7752. It is likely that the rate is tended north to a projected target at the weekly R1 near 0.7766 within the following trading session. However, this bullish movement could be hindered by the aforementioned SMA.

In the meantime, technical indicators flash sell signals, this might indicate a downside risk could prevail.

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