AUD/USD fails to overcome 0.7840

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

Positions Today Yesterday % Change
Longs 42% 44% -4.76%
Shorts 58% 56% 3.45%
Indicator 4H 1D 1W
MACD (12; 26; 9) Buy Buy Sell
RSI (14) Sell Sell Neutral
Stochastic (5; 3; 3) Sell Sell Sell
Alligator (13; 8; 5) Buy Buy Sell
SAR (0.02; 0.2) Buy Buy Buy
Aggregate

The Australian Dollar continues to gradually appreciate against the US Dollar for the sixth consecutive session. This upward movement was not very distinct on Friday, as traders were reluctant to enter into massive trades during the last trading session of the year. 

The Aussie re-gained momentum early in this session and was consequently trading near the 0.7840 mark by mid-day. 

It seems that the bearish sentiment could allay tomorrow, as shown by daily technical indicators. Given that the 0.78 area is supported by the 55– and 100-hour SMAs and the weekly PP, the Aussie is likely to be pressured to remain above this territory.

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