AUD/USD moving towards 0.7152

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

Positions Today Yesterday % Change
Longs 61% 50% 18.03%
Shorts 39% 50% -28.21%
Indicator 4H 1D 1W
MACD (12; 26; 9) Buy Sell Sell
RSI (14) Neutral Neutral Neutral
Stochastic (5; 3; 3) Sell Neutral Sell
Alligator (13; 8; 5) Buy Neutral Sell
SAR (0.02; 0.2) Buy Sell Sell
Aggregate

The Australian Dollar appreciated about 103 base points against the US Dollar on Friday. The currency pair tested the upper boundary of a junior ascending channel pattern at 0.7200 during the previous trading session.

As for the near future, it is likely that the AUD/USD currency exchange rate makes a brief retracement down towards a support cluster formed by the combination of the weekly and the monthly PPs and the 200-hour simple moving average at 0.7152.

A potential upside reversal from the support level as mentioned above could follow thereafter. Traders should look for opportunities to trade if the support level holds.

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