AUD/USD jumps back into channel

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

Positions Today Yesterday % Change
Longs 53% 55% -3.77%
Shorts 47% 45% 4.26%
Indicator 4H 1D 1W
MACD (12; 26; 9) Buy Sell Sell
RSI (14) Neutral Neutral Neutral
Stochastic (5; 3; 3) Sell Sell Neutral
Alligator (13; 8; 5) Neutral Sell Sell
SAR (0.02; 0.2) Sell Buy Sell
Aggregate

Despite surging above the upper boundary of the senior channel mid-Monday, the Australian Dollar had returned back in the given channel in the evening. It was subsequently guided by the 55-, 100– and 200-hour SMAs and the weekly PP. In addition, the pair breached a minor channel up valid since November 17. 

It is likely that the rate is pressured by the 55– and 100-hour SMAs during this session, thus sending it for a slight depreciation along the senior channel line. This move should result in the pair eventually breaching its nearest support cluster circa 0.7593 and edging lower. 

The Aussie, however, is expected to remain near the 0.7580 mark, as the weekly and monthly S1s located slightly below 0.7560 are regarded as too distant targets.

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.