AUD/USD relatively calm

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

Positions Today Yesterday % Change
Longs 74% 73% 1.35%
Shorts 26% 27% -3.85%
Indicator 4H 1D 1W
MACD (12; 26; 9) Buy Sell Sell
RSI (14) Neutral Neutral Neutral
Stochastic (5; 3; 3) Neutral Neutral Buy
Alligator (13; 8; 5) Buy Sell Sell
SAR (0.02; 0.2) Buy Buy Sell
Aggregate

The Australian Dollar remained stable and gradually moving north against the US Dollar. During the middle of Wednesday's trading, the currency pair breached the monthly and the weekly PPs near 0.7750.

Technical indicators flash bullish signals within this trading session. However, the exchange rate is located in the overbought zone. This might indicate a brief retracement south is possible today.

Furthermore, in terms of the downside potential, the AUD/USD currency exchange rate is likely to target a support set by either the 55-hour simple moving average or the 100– and the 200– hour SMAs.

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