AUD/USD approaches weekly PP

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

Positions Today Yesterday % Change
Longs 36% 35% 2.78%
Shorts 64% 65% -1.56%
Indicator 4H 1D 1W
MACD (12; 26; 9) Sell Buy Buy
RSI (14) Neutral Neutral Neutral
Stochastic (5; 3; 3) Sell Sell Sell
Alligator (13; 8; 5) Neutral Buy Buy
SAR (0.02; 0.2) Buy Sell Buy
Aggregate

Movement of the AUD/USD in the first half of Tuesday indicates that the currency pair acted in accordance with one of the scenarios described yesterday. Namely, it has left a symmetrical triangle in an upward direction and tried to break though the weekly PP at 0.7624. However, because of the additional pressure from the 200-hour SMA the pair was forced to retreat. Nevertheless, the drop below the 0.7603 mark is unlikely due to existence of a combined support level formed by the 20-, 55- and 100-hour SMAs. As a result, the rate is expected to continue the steady ascension in a limbo between the abovementioned barriers until the end of the day. But tomorrow the Aussie most probably is going to fall in the result of a breakout from a forming rising wedge.

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