AUD/USD edges higher

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

Positions Today Yesterday % Change
Longs 38% 38% 0.00%
Shorts 62% 62% 0.00%
Indicator 4H 1D 1W
MACD (12; 26; 9) Buy Buy Buy
RSI (14) Neutral Neutral Neutral
Stochastic (5; 3; 3) Sell Sell Buy
Alligator (13; 8; 5) Buy Buy Buy
SAR (0.02; 0.2) Buy Buy Buy
Aggregate

The second half of Monday's trading session passed in a calm manner, as the price remained in the same narrow area for the whole period. The sentiment changed drastically on Tuesday morning when the rate shot up 28 pips in one hour. 

The Aussie has been appreciated gradually against the Greenback for the past three sessions. This suggests that the rate might continue this direction until the upper channel boundary, reinforced by the weekly R1 at 0.8022, is reached. Thus, the 55-hour SMA is expected to support the rate during its up-move.  

Technical indicators back this assumption, demonstrating that there is still some upside potential until historical turning points have been reached.

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