AUD/USD pressured by 50-hour SMA

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

Positions Today Yesterday % Change
Longs 72% 64% 11.11%
Shorts 28% 36% -28.57%
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 Neutral Sell
SAR (0.02; 0.2) Sell Buy Sell
Aggregate

The AUD/USD currency pair reversed form the upper boundary of a short-term ascending channel at 0.7300 last Friday.  

Currently, the pair is trading near the resistance level formed by the 55-hour SMA and the monthly PP at 0.7281. It is expected that the pair should breach the support level formed by the 100-hour SMA and the weekly PP near 0.7250 and aim for the lower channel line located circa 0.7220. 

However, if the support level holds, the exchange rate could consolidate in the 0.7260/0.7380 range.

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