AUD/USD breach the 55-hour SMA

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

Positions Today Yesterday % Change
Longs 64% 56% 12.50%
Shorts 36% 44% -22.22%
Indicator 4H 1D 1W
MACD (12; 26; 9) Sell Sell Sell
RSI (14) Sell Neutral Neutral
Stochastic (5; 3; 3) Neutral Buy Neutral
Alligator (13; 8; 5) Sell Sell Buy
SAR (0.02; 0.2) Sell Sell Buy
Aggregate

Upside momentum prevailed yesterday and thus sent the Australian Dollar rallying against the US Dollar. As a result, the pair was able to breach the 55-hour simple moving average.  

By the end of European trading session on Friday, the exchange rate remained relatively calm and was gradually moving north. However, the 55-hour SMA is restricting the AUD/USD pair for making such moves.

As for near future, the Aussie is likely to remain bearish. This bearish movement could be stopped by the monthly S2 at 0.7712.

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