AUD/USD bullish signals today

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

Positions Today Yesterday % Change
Longs 64% 61% 4.69%
Shorts 36% 39% -8.33%
Indicator 4H 1D 1W
MACD (12; 26; 9) Buy Buy Sell
RSI (14) Neutral Neutral Neutral
Stochastic (5; 3; 3) Buy Sell Sell
Alligator (13; 8; 5) Buy Buy Sell
SAR (0.02; 0.2) Buy Buy Buy
Aggregate

The AUD/USD currency pair remained stable on Thursday, as it was trading near the upper boundary of a dominant descending channel during the previous trading session.

The exchange rate tested a support level formed by the 50-hour simple moving average at 0.7220 during the Asian session on Friday. 

If the support line as mentioned above holds, a possible breakout through the upper boundary of the dominant descending channel pattern could be expected.

However, if the currency exchange rate passes the 50-hour SMA, a potential 60 pips movement south is a possibility.

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