AUD/USD bounces off support

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

Positions Today Yesterday % Change
Longs 69% 71% -2.90%
Shorts 31% 29% 6.45%
Indicator 4H 1D 1W
MACD (12; 26; 9) Sell Sell Sell
RSI (14) Neutral Neutral Neutral
Stochastic (5; 3; 3) Buy Buy Neutral
Alligator (13; 8; 5) Sell Neutral Sell
SAR (0.02; 0.2) Sell Buy Buy
Aggregate

The US Dollar appreciated by 65 pips against the Australian Dollar on Thursday. The pair reversed from a resistance level formed by the 100-hour SMA at 0.7260 and had since reached the bottom border of an ascending channel pattern.

As apparent of the 1(H) chart, the price made a U-turn north at 0.7219 during the morning hours of Friday's session. From a technical position, it is likely that a surge towards a resistance cluster formed by the 50-hour simple moving average and the weekly PP near 0.7245 could happen within this trading day.

However, technical indicators on the 4(H) time frame demonstrate that a slight downside risk is still apparent during the following trading session.

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