AUD/USD possible reversal

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

Positions Today Yesterday % Change
Longs 59% 56% 5.08%
Shorts 41% 44% -7.32%
Indicator 4H 1D 1W
MACD (12; 26; 9) Buy Buy Sell
RSI (14) Neutral Neutral Neutral
Stochastic (5; 3; 3) Buy Neutral Neutral
Alligator (13; 8; 5) Neutral Buy Sell
SAR (0.02; 0.2) Sell Buy Buy
Aggregate

The Australian Dollar depreciated about 55 base points against the US Dollar on Friday. The currency pair was pressured south by the 50-hour simple moving average and the 100-hour SMA.

Currently, the exchange rate is trading near the lower boundary of an ascending trendline at 0.7195 and could be set for a breakout.

If this breakout occurs, the currency exchange rate will aim at a support cluster formed by the combination of the weekly and the monthly pivot points near the 0.7118 area.

However, technical indicators flash buy signals on the daily time-frame. Therefore, a possible reversal from the present price level is likely within this session.

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