AUD/USD remains near support cluster

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

Positions Today Yesterday % Change
Longs 64% 58% 9.38%
Shorts 36% 42% -16.67%
Indicator 4H 1D 1W
MACD (12; 26; 9) Buy Sell Sell
RSI (14) Neutral Neutral Neutral
Stochastic (5; 3; 3) Neutral Sell Neutral
Alligator (13; 8; 5) Buy Neutral Sell
SAR (0.02; 0.2) Buy Buy Sell
Aggregate

AUD/USD has been moving in a one-week ascending channel pattern. The rate reversed from the lower boundary mid-session on Wednesday and began to appreciate in a bullish momentum. However, this surge was stopped by the weekly resistance level at 0.7443.

By the middle of Thursday's trading session, the currency pair has breached the 55-hour simple moving average and gradually moving towards a support cluster formed by the 100-hour SMA and the monthly pivot point at 0.7404.

In case bears continue to prevail in the market today, the price could test and break the junior ascending channel within this session.

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