AUD/USD stranded between SMAs

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

Positions Today Yesterday % Change
Longs 65% 59% 9.23%
Shorts 35% 41% -17.14%
Indicator 4H 1D 1W
MACD (12; 26; 9) Buy Sell Buy
RSI (14) Neutral Neutral Neutral
Stochastic (5; 3; 3) Buy Sell Sell
Alligator (13; 8; 5) Buy Sell Buy
SAR (0.02; 0.2) Buy Buy Buy
Aggregate

Even though the Australian Dollar made a brief attempt to appreciate against the US Dollar yesterday, the pair was driven by a downside momentum by the end of trading day.

During the middle of the European trading session on Thursday, the exchange rate was stranded between SMAs. The 55—hour simple moving average was providing resistance at 0.7808 while the 200– hour SMA supported the rate at 0.7792.

Given that the pair is bouncing between SMAs, a breakout in either direction is expected during this session.

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