AUD/USD remains near channel

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

Positions Today Yesterday % Change
Longs 59% 62% -5.08%
Shorts 41% 38% 7.32%
Indicator 4H 1D 1W
MACD (12; 26; 9) Buy Sell Sell
RSI (14) Neutral Neutral Neutral
Stochastic (5; 3; 3) Buy Sell Neutral
Alligator (13; 8; 5) Buy Sell Sell
SAR (0.02; 0.2) Buy Buy Sell
Aggregate

After testing the weekly R1 at 0.7634 mid-Thursday, the Aussie started trading along the upper boundary of the senior channel. As a result, the given currency weakened against the US Dollar until the 55-hour SMA at 0.7610 was reached. 

The pair remaining near the senior pattern suggests that it might be finally ready to make a breakout north. However, it is yet unknown if this move occurs within the following 24 hours. 

Technical indicators are more in favour of a fall that should lead the rate towards the weekly PP, the 200– and 100-hour SMAs circa 0.7585. Subsequently, a recovery is likely to follow.

A possible upside target for today could be the aforementioned weekly R1.

Actual Topics

Subscribe to "Fundamental Analysis" feed

Subscribe
Aby dowiedzieć się więcej o handlu Forex/CFD na platformie Dukascopy Banku, rynku SWFX oraz innych rzeczy związanych z handlem,
zadzwoń do nas lub poproś o oddzwonienie.
For further information regarding potential cooperation,
please call us or make callback request.
Aby dowiedzieć się więcej o Opcjach Binarnych w Banku Dukascopy / platformach handlowych Forex, SWFX, oraz innych,
zadzwoń do nas lub pozostaw prośbę o oddzwonienie.
Aby dowiedzieć się więcej o handlu Forex/CFD na platformie Dukascopy Banku, rynku SWFX oraz innych rzeczy związanych z handlem,
zadzwoń do nas lub poproś o oddzwonienie.
To learn more about Crypto Trading / CFD / Forex trading platform, SWFX and other trading related information,
please call us or make callback request.
To learn more about Business Introducer and other trading related information,
please call us or make callback request.
For further information regarding potential cooperation,
please call us or make callback request.