AUD/USD bounces off from 55-hour SMA

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

Positions Today Yesterday % Change
Longs 28% 33% -17.86%
Shorts 72% 67% 6.94%
Indicator 4H 1D 1W
MACD (12; 26; 9) Buy Buy Buy
RSI (14) Sell Sell Neutral
Stochastic (5; 3; 3) Sell Sell Sell
Alligator (13; 8; 5) Buy Buy Buy
SAR (0.02; 0.2) Buy Buy Buy
Aggregate

In the second half of Monday the AUD/USD tried to slide back to the weekly PP at 0.7751. However, this sluggish attempt was neutralized as soon as the pair has encountered the 55-hour SMA near the 0.7791 level. Fortunately for the Aussie, this moment coincided with the RBA's monetary policy meeting minutes, which gave a very strong impulse that pushed the currency rate upwards by 78 pips. In that way, the rate has flown though the weekly R1 at 0.7916 and gained an opportunity to reach the weekly R2 at 0.7998 by the end of the day. On the other hand, technical indicators suggest that the pair is overbought, which means that a rebound might already in the middle of the day.

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