AUD/USD moving towards target at 0.7275

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

Positions Today Yesterday % Change
Longs 71% 72% -1.41%
Shorts 29% 28% 3.45%
Indicator 4H 1D 1W
MACD (12; 26; 9) Buy Sell Sell
RSI (14) Neutral Neutral Neutral
Stochastic (5; 3; 3) Neutral Neutral Neutral
Alligator (13; 8; 5) Neutral Neutral Sell
SAR (0.02; 0.2) Buy Buy Sell
Aggregate

The Australian Dollar traded with low volatility against the US Dollar on Tuesday. The currency pair ended yesterday's trading session with 26 pips decline.

Currently, the AUD/USD exchange rate is trading near the 200-hour simple moving average at 0.7237. It is likely that the price should test the support level formed by the 200-hour SMA and aim for the bottom border of an ascending channel at 0.7232.

However, if this support line holds, the currency exchange rate could move towards the monthly pivot point at 0.7275 during the following trading session.

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