AUD/USD guided by 50-hour SMA

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

Positions Today Yesterday % Change
Longs 60% 64% -6.67%
Shorts 40% 36% 10.00%
Indicator 4H 1D 1W
MACD (12; 26; 9) Buy Sell 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 50-hour simple moving average has been guiding the Australian Dollar higher against the US Dollar. The SMA provide support for the currency pair at 0.7156 during Wednesday's trading session.

As for the near future, it is possible for the currency exchange rate continues its upside momentum. Bullish traders could push the pair towards a resistance level at 0.7246 today.

However, this upside prediction could only occur if the 50-hour SMA continues to hold during the following trading session.

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