AUD/USD fluctuates on Monday

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

Positions Today Yesterday % Change
Longs 39% 40% -2.56%
Shorts 61% 60% 1.64%
Indicator 4H 1D 1W
MACD (12; 26; 9) Sell Sell Buy
RSI (14) Neutral Neutral Neutral
Stochastic (5; 3; 3) Sell Buy Sell
Alligator (13; 8; 5) Sell Sell Buy
SAR (0.02; 0.2) Sell Buy Sell
Aggregate

The Friday's trading session was dominated by bears, as the rate fell around 68 pips during the given time period. The failure to move past the 55– and 100-hour SMAs circa 0.7855 was followed by a breakout of the ascending channel and the 200-hour SMA. 

The Aussie was located between the weekly PP and S1 mid-Monday. The rate could remain in this range, given that no fundamental events shake the market until mid-Tuesday. In addition, it is unlikely that the pair gains strength and surpasses the significant resistance area located nearby. 

By and large, the Aussie is currently trading in a medium-term ascending channel with its lower boundary standing near the weekly S1 circa 0.7780. It is possible that the pair tries to approach this area during the following trading days.

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