AUD/USD on edge of channel up

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

Positions Today Yesterday % Change
Longs 31% 35% -12.90%
Shorts 69% 65% 5.80%
Indicator 4H 1D 1W
MACD (12; 26; 9) Buy Sell Sell
RSI (14) Neutral Neutral Neutral
Stochastic (5; 3; 3) Sell Sell Sell
Alligator (13; 8; 5) Buy Neutral Sell
SAR (0.02; 0.2) Buy Buy Sell
Aggregate

Monday's depreciation of the Aussie was stopped when the currency rate bounced off from a combined support set up by the bottom trend-line of the ascending channel and the weekly PP at 0.7594. The newly-gained upward momentum enabled AUD/USD to break through the 20-, 55- and 100-hour SMAs from below in the early morning of this trading session. The pair, however, halted once more slightly above the 0.7620 mark and reversed to south. It is yet to be seen if the Aussie manages to break the lower channel boundary. The currency has formed a triple-top-like formation, suggesting that the channel may fail to confine the price. Nevertheless, support formed by the 20– and 100-hour SMAs, the weekly PP and the bottom channel line should be strong enough to hinder the pair's momentum downwards.

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