AUD/USD aims at 100-hour SMA

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

Positions Today Yesterday % Change
Longs 33% 34% -3.03%
Shorts 67% 66% 1.49%
Indicator 4H 1D 1W
MACD (12; 26; 9) Sell Buy Buy
RSI (14) Neutral Neutral Neutral
Stochastic (5; 3; 3) Sell Neutral Sell
Alligator (13; 8; 5) Sell Buy Buy
SAR (0.02; 0.2) Buy Sell Buy
Aggregate

The Australian Dollar was trading against the American Dollar in a descending triangle. Contrary to technical theory, the currency pair did not make a breakout downwards, but tried to slip to the top. However, the unexpected surge was slowed down by the weekly S1 at 0.7600. Very likely, the currency rate will retreat amid the pressure from the 100- and 200-hour SMAs and, thus, repeat the movement of July 5 and 6. But if the Aussie manages to bypass these resistance levels, it might try to reach the weekly PP at 0.7656. Since there will be no data releases until next Wednesday, the pair should not be shaken by any fundamental events.

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