AUD/USD bounces off weekly low

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

Positions Today Yesterday % Change
Longs 73% 72% 1.37%
Shorts 27% 28% -3.70%
Indicator 4H 1D 1W
MACD (12; 26; 9) Buy Sell Sell
RSI (14) Neutral Neutral Neutral
Stochastic (5; 3; 3) Sell Neutral Neutral
Alligator (13; 8; 5) Buy Neutral Sell
SAR (0.02; 0.2) Buy Sell Sell
Aggregate

After hitting this week low level of 0.74 early Wednesday's the AUD/USD exchange rate started to gain strength. This surge was caused by the general weakness of the US Dollar. As a result, the pair dashed through the 55-, 100-, and 200– hour SMAs and the weekly pivot points.

During the European trading session on Thursday, the 200– hour simple moving average was providing support for the pair.

Everything being equal, the currency exchange rate is likely to maintain it narrow ascending pattern today. However, technical indicators demonstrate that a strong bearish sentiment might come into play within the next session.  

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