AUD/USD gains restricted by PP

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

Positions Today Yesterday % Change
Longs 74% 69% 6.76%
Shorts 26% 31% -19.23%
Indicator 4H 1D 1W
MACD (12; 26; 9) Buy Buy Sell
RSI (14) Neutral Neutral Neutral
Stochastic (5; 3; 3) Neutral Sell Neutral
Alligator (13; 8; 5) Buy Buy Sell
SAR (0.02; 0.2) Buy Buy Sell
Aggregate

The Australian Dollar was guided by upside risks against the US Dollar on Monday. However, these gains were limited by the upper boundary of an ascending channel and the weekly pivot point at 0.76.

During the first half of Tuesday's session, the currency pair was trading in a relatively calm manner. Also, after testing the aforementioned PP, the pair made a U-turn south. This decline could find a support level either at the 55– hour simple moving average or the 200– hour SMA. 

Technical indicators demonstrate a strong buy signal, therefore, the AUD/USD currency exchange rate might reverse north if the previously mentioned support holds.

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