AUD/USD remains near 200-hour SMA

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

 Positions Today Yesterday Change
 Longs 66% 68% -3.0%
 Shorts 34% 32% 5.9%
       
 Indicator 4H 1D 1W
 MACD(12;26;9) Sell Sell Sell
 RSI(14) Neutral Neutral Neutral
 Stochastic(5;3;3) Sell Neutral Neutral
 Alligator(13;8;5) Neutral Sell Sell
 SAR(0.02;0.2) Buy Sell Buy
 Aggregate

The 200-hour simple moving average, located at the 0.7120 regions restricted the Australian Dollar from regaining some of its lost positions against the US Dollar on Thursday.

Currently, the exchange rate is trading near the resistance level formed by the 200-hour SMA and could be preparing for a breakout.

If this breakout occurs, the next target for bullish traders will be near the weekly resistance level at 0.7177.

However, if the 200-hour SMA holds, the currency exchange rate could aim at the weekly S1 at 0.7083 today.

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