AUD/USD bouncing between SMAs

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

Positions Today Yesterday % Change
Longs 58% 48% 17.24%
Shorts 42% 52% -23.81%
Indicator 4H 1D 1W
MACD (12; 26; 9) Buy Sell Buy
RSI (14) Neutral Neutral Neutral
Stochastic (5; 3; 3) Sell Sell Sell
Alligator (13; 8; 5) Buy Neutral Buy
SAR (0.02; 0.2) Buy Sell Buy
Aggregate

The Australian Dollar continues its bullish path against the US Dollar, and the currency pair is gradually moving in an ascending channel. 

By the end of the European trading session, the AUD/USD pair was bouncing between SMAs. The 55– hour SMA was providing resistance at 0.7934 and the 100—hour SMA supported the rate at 0.7908. 

A breakout is expected from the SMAs during the next 24 hours. First, if the currency pair moves past the 55—hour SMA, it could be heading for a re-test of the upper boundary of the trend-line. Second, If it moves past the 100—hour SMA, it will find support at weekly PP at 0.7891.

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