AUD/USD pressured by SMA

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

Positions Today Yesterday % Change
Longs 70% 66% 5.71%
Shorts 30% 34% -13.33%
Indicator 4H 1D 1W
MACD (12; 26; 9) Sell Sell Sell
RSI (14) Neutral Buy Neutral
Stochastic (5; 3; 3) Neutral Buy Buy
Alligator (13; 8; 5) Sell Sell Sell
SAR (0.02; 0.2) Sell Sell Sell
Aggregate

The Australian Dollar temporarily stopped its massive decline against the US Dollar. The pair reverse from the 131.64 mark and has been gaining strength during the first part of Thursday's trading session.

Given that a breakout had occurred from a very significant resistance level set by the combination of the weekly and the monthly PPs at the 0.7514 area, it is expected that the AUD/USD currency pair to surge within the following trading day.

However, technical indicators suggest different scenario. It favour bears to grow stronger within this session.

By and large, it is likely that the exchange rate could fulfil it upward potential today.        

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