AUD/USD tests weekly R1 at 0.7294

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

Positions Today Yesterday % Change
Longs 56% 54% 3.57%
Shorts 44% 46% -4.55%
Indicator 4H 1D 1W
MACD (12; 26; 9) Buy Buy Sell
RSI (14) Neutral Neutral Neutral
Stochastic (5; 3; 3) Neutral Neutral Neutral
Alligator (13; 8; 5) Buy Buy Sell
SAR (0.02; 0.2) Buy Buy Buy
Aggregate

The Australian Dollar appreciated about 66 base points against the US Dollar on Wednesday. The currency pair breached both the 200-hour SMA and the weekly PP near 0.7238 during the previous session. 

However, after the exchange rate pierced the upper boundary of a triangle pattern at 0.7294 during the first part of today's session, the pair began to decline.

Currently, the rate is moving towards a support cluster formed by the 200-hour simple moving average and the weekly pivot point at 0.7238.

If this support cluster holds, the AUD/USD currency exchange rate will aim for a re-testes of the upper border of the triangle pattern today.

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