AUD/USD bounces off support

Note: This section contains information in English only.
Source: Dukascopy Bank SA
PositionsTodayYesterdayChange
Longs73%74%-1.3%
Shorts27%26%3.6%
Indicator4H1D1W
MACD(12;26;9)BuyBuySell
RSI(14)NeutralNeutralNeutral
Stochastic(5;3;3)NeutralNeutralNeutral
Alligator(13;8;5)BuyNeutralNeutral
SAR(0.02;0.2)SellSellBuy
Aggregate

The Australian Dollar made about 43 basis points against the US Dollar on Thursday. The 200– hour simple moving average provided support for the currency pair at 0.6889 during yesterday's trading session.

The exchange rate bounced off the 200– hour SMA support level during the morning hours of Friday's trading session. Most likely, the AUD/USD pair could target the monthly PP at 0.6934.

However, the 38.20% Fibonacci retracement level at 0.6920 could provide resistance for the currency exchange rate within this session.

Actual Topics

Subscribe to "Fundamental Analysis" feed

Subscribe
Pre viac informácií o Dukascopy Bank CFD / Forex obchodných platformách a ostatných záležitostiach
nás prosím kontaktujte alebo požiadajte o hovor od nás.
For further information regarding potential cooperation,
please call us or make callback request.
To learn more about Dukascopy Bank Binary Options / Forex trading platform, SWFX and other trading related information,
please call us or make callback request.
Pre viac informácií o Dukascopy Bank CFD / Forex obchodných platformách a ostatných záležitostiach
nás prosím kontaktujte alebo požiadajte o hovor od nás.
To learn more about Crypto Trading / CFD / Forex trading platform, SWFX and other trading related information,
please call us or make callback request.
To learn more about Business Introducer and other trading related information,
please call us or make callback request.
For further information regarding potential cooperation,
please call us or make callback request.