AUD/USD moves along 55-hour SMA

Note: This section contains information in English only.
Source: Dukascopy Bank SA
Positions Today Yesterday % Change
Longs 51% 52% -1.96%
Shorts 49% 48% 2.04%
Indicator 4H 1D 1W
MACD (12; 26; 9) Sell Sell Buy
RSI (14) Neutral Neutral Neutral
Stochastic (5; 3; 3) Sell Neutral Sell
Alligator (13; 8; 5) Sell Sell Buy
SAR (0.02; 0.2) Buy Sell Sell
Aggregate

Following a minor period of consolidation of Friday, the Aussie picked up speed and managed to reach the 55-hour SMA circa 0.7680. Thus, the rate provided another confirmation of the junior channel's bottom boundary. 

Meanwhile, the pair's movement in this session has been guided entirely by the aforementioned moving average that has kept the price at Friday's closing level. 

It is likely that the pair pushes up to the upper boundary of the junior pattern—a level reinforced by the 100-hour SMA, the weekly PP and the monthly S1 circa 0.77. 

Its subsequent movement, however should be tended southwards. Given the steepness of the channel, an upside breakout might occur within this trading week.

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