AUD/USD pressure by SMAs

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

Positions Today Yesterday % Change
Longs 54% 58% -7.41%
Shorts 46% 42% 8.70%
Indicator 4H 1D 1W
MACD (12; 26; 9) Sell Buy Sell
RSI (14) Neutral Neutral Neutral
Stochastic (5; 3; 3) Neutral Neutral Neutral
Alligator (13; 8; 5) Sell Buy Sell
SAR (0.02; 0.2) Buy Buy Buy
Aggregate

The Australian Dollar appreciated about 70 base points against the US Dollar on Tuesday. The currency pair breached both the 100– and 200-hour SMAs at 0.7228 during the end of the previous session. 

However, after hitting the simple moving averages during the early hours of today's trading session, the exchange rate began to depreciate. By the middle of the European trading session, the pair has lost about 45 pips.

By and large, it is likely that bearish traders could push the rate towards the lower boundary of an uptrend line at 0.7174 today.

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