AUD/USD forms channel up

Note: This section contains information in English only.
Source: Dukascopy Bank SA
Positions Today Yesterday % Change
Longs 31% 33% -6.45%
Shorts 69% 67% 2.90%
Indicator 4H 1D 1W
MACD (12; 26; 9) Buy Buy Buy
RSI (14) Neutral Neutral Neutral
Stochastic (5; 3; 3) Sell Sell Sell
Alligator (13; 8; 5) Buy Buy Buy
SAR (0.02; 0.2) Buy Buy Buy
Aggregate

As it was projected, a combined support level formed by the weekly PP at 0.7578 and the 200-hour SMA at 0.7582 served as a basis for a further surge of the pair, which has set the goal to reach the weekly R1 at 0.7622. During today's trading session, the currency rate has formed an ascending channel, which is expected to sustain at least until the pair reaches the above resistance level. On the other hand, there are also signs of a larger scale channel down, which might turn the pair around even earlier. If any of these scenarios realizes, the fall of the Euro should not go beyond the 0.7558 mark, as it is secured by the 55- and 200-hour SMAs.

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