AUD/USD breaches 50-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 Australian Dollar appreciated about 56 base points against the US Dollar on Tuesday. The currency pair tested a resistance level formed by the weekly R1 at 0.7201 during yesterday's trading session.

As for the near future, it is likely that the AUD/USD exchange rate makes a brief retracement towards a support cluster formed by the 100– and 200-hour simple moving averages at 0.7143.

A possible upside sentiment from the support cluster as mentioned earlier could follow afterwards.

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