AUD/USD re-tested pivot point

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

Positions Today Yesterday % Change
Longs 57% 58% -1.75%
Shorts 43% 42% 2.33%
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 Sell Buy
SAR (0.02; 0.2) Buy Buy Buy
Aggregate

The Australian Dollar introduced no significant changes to its overall price range against the US Dollar on Wednesday as its remained stable.

Meanwhile, the Aussie has re-tested the weekly pivot point at 0.7893. According to technical indicators, some upwards potential is likely. Furthermore, the currency exchange rate should continue it bullish sentiment in accordance with the ascending channel.

As for near future, the exchange rate is likely to continue to rally until it reaches the upper boundary of a channel up where the weekly R2 is located.

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