AUD/USD pressured by 50– hour SMA

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Source: Dukascopy Bank SA
PositionsTodayYesterdayChange
Longs71%74%-5.2%
Shorts29%26%12.4%
Indicator4H1D1W
MACD(12;26;9)BuySellSell
RSI(14)NeutralNeutralBuy
Stochastic(5;3;3)NeutralSellNeutral
Alligator(13;8;5)BuySellSell
SAR(0.02;0.2)BuyBuySell
Aggregate⇗⇘⇘

[ANNOUNCE]The Australian Dollar surged by 171 basis points or 2.85% in value against the US Dollar on Friday. The currency pair was guided by 50– hour simple moving average during Friday's trading session. [/ANNOUNCE]

All things being equal, the exchange rate will most likely continue to edge higher in the ascending channel pattern. The potential target will be near a resistance cluster at the 0.6400 area.

Although, a resistance line, formed by the monthly S1 at 0.6230 could provide resistance for the currency exchange rate within this session.

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