AUD/USD supported by 50-hour SMA

Note: This section contains information in English only.
Source: Dukascopy Bank SA
PositionsTodayYesterdayChange
Longs66%71%-6.8%
Shorts34%29%13.5%
Indicator4H1D1W
MACD(12;26;9)BuySellSell
RSI(14)SellNeutralNeutral
Stochastic(5;3;3)NeutralSellNeutral
Alligator(13;8;5)BuyNeutralSell
SAR(0.02;0.2)BuyBuySell
Aggregate

The Australian Dollar maintained an ascending channel pattern against the US Dollar on Tuesday. The 50-hour simple moving average provided support for the currency pair at 0.6968 during yesterday's trading session.

 to maintain the channel pattern today. The potential upside target will be near the upper boundary at 0.70.

Furthermore, technical indicators demonstrate that bulls will continue their dominance in the market during the following trading session.

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