AUD/USD shows no changes

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

Positions Today Yesterday % Change
Longs 59% 61% -3.39%
Shorts 41% 39% 4.88%
Indicator 4H 1D 1W
MACD (12; 26; 9) Buy Sell Sell
RSI (14) Neutral Neutral Neutral
Stochastic (5; 3; 3) Sell Sell Sell
Alligator (13; 8; 5) Buy Neutral Sell
SAR (0.02; 0.2) Buy Buy Sell
Aggregate

AUD/USD has shown low volatility this week, as it has remained in the 0.7683/45 area for the third consecutive session.  As apparent on the chart, the Aussie found support/resistance at various levels in between, but none of them was strong enough to push the pair out of this period of consolidation. 

The rate has been trading in a channel up for the last two weeks. Its steepness, however, is unlikely to hold for long—a breakout of which might suggest a possible weakening during the remaining trading week. Even if the rate manages to move past the 0.7630 mark, a trend-line near 0.7700 could stop any attempts to edge higher. 

On the other hand, in case of a downside breakout, the daily low is expected to be the combined support of the 200-hour SMA, the weekly and monthly PPs circa 0.7610.

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