AUD/USD pair is bullish today

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

Positions Today Yesterday % Change
Longs 73% 70% 4.11%
Shorts 27% 30% -11.11%
Indicator 4H 1D 1W
MACD (12; 26; 9) Sell Neutral Neutral
RSI (14) Neutral Sell Neutral
Stochastic (5; 3; 3) Sell Neutral Buy
Alligator (13; 8; 5) Buy Sell Sell
SAR (0.02; 0.2) Buy Sell Sell
Aggregate

The Australian Dollar has been strengthening against the US Dollar after the pair made a U-turn from the 0.7445 mark set by the weekly support level during the early hours of Wednesday's session.

The exchange rate breached a strong resistance formed by the combination of the 55–, the 100-, and the 200– hour SMAs and also move past the weekly and the monthly PPs near the 0.7514 regions on Wednesday.

As for near future, the currency exchange rate is likely to make a corrective move south for a re-test of the aforementioned SMAs before it picks up speed to breakout through the upper boundary of a descending channel.

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.