AUD/USD tests 50-hour SMA

Note: This section contains information in English only.
Source: Dukascopy Bank SA
PositionsTodayYesterdayChange
Longs29%28%3.7%
Shorts71%72%-1.5%
Indicator4H1D1W
MACD(12;26;9)BuyBuySell
RSI(14)SellSellNeutral
Stochastic(5;3;3)SellSellNeutral
Alligator(13;8;5)BuyBuyNeutral
SAR(0.02;0.2)BuyBuyBuy
Aggregate

The 50– hour simple moving average guided the Australian Dollar against the US Dollar on Wednesday. The currency pair made about 88 pips during Wednesday's trading session.

Currently, the exchange rate is trading near a support level formed by the 50– hour SMA at 0.6910.

If the support level holds, bullish traders could continue to pressure the price higher within this session.

However, if the currency exchange rate breaks the 50– hour SMA, a decline towards the 0.6805 could be expected today.

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