AUD/USD breached 55-hour SMA

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

Positions Today Yesterday % Change
Longs 58% 61% -5.17%
Shorts 42% 39% 7.14%
Indicator 4H 1D 1W
MACD (12; 26; 9) Buy Sell Sell
RSI (14) Neutral Neutral Neutral
Stochastic (5; 3; 3) Neutral Neutral Neutral
Alligator (13; 8; 5) Buy Neutral Sell
SAR (0.02; 0.2) Buy Buy Sell
Aggregate

The AUD/USD exchange rate was constrained by the newly ascending channel pattern on Tuesday. The currency pair breached a resistance cluster formed by the combination of the weekly, the monthly PPs and the 200-hour simple moving average as can be observed on the 1H chart. 

By the middle of Wednesday's session, the currency pair has breached the lower boundary of the newly formed ascending channel and also tested by the 55-hour simple moving average.

Technical indicators on the 4H time-frame demonstrate that bullish sentiment is likely to prevail today.

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