AUD/USD pressure by strong resistance

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

Positions Today Yesterday % Change
Longs 68% 74% -8.82%
Shorts 32% 26% 18.75%
Indicator 4H 1D 1W
MACD (12; 26; 9) Sell Buy Sell
RSI (14) Neutral Neutral Neutral
Stochastic (5; 3; 3) Buy Buy Neutral
Alligator (13; 8; 5) Sell Buy Sell
SAR (0.02; 0.2) Sell Buy Buy
Aggregate ⇘ ⇑ ⇒

[ANNOUNCE]Bears picked up momentum after the AUD/USD currency pair hit strong resistance formed by the 100– hour simple moving average near the 0.7624 mark during the early hours of Tuesday's trading session.[/ANNOUNCE]

By the European session on Wednesday, the exchange rate was trading below the 55-, 100-, 200-hour SMAs and the weekly pivot point. 

Technical indicators flash two strong signals. First, on the four-hour time frame, it suggests bears are likely to grow stronger within this hours. Second, on the daily time-frame, its flash strong buy signal. Traders are advised to stay outside from this currency pair today.

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