AUD/USD trades above strong support

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

Positions Today Yesterday % Change
Longs 43% 50% -16.28%
Shorts 57% 50% 12.28%
Indicator 4H 1D 1W
MACD (12; 26; 9) Buy Sell Sell
RSI (14) Neutral Neutral Neutral
Stochastic (5; 3; 3) Sell Sell Sell
Alligator (13; 8; 5) Buy Neutral Sell
SAR (0.02; 0.2) Buy Buy Sell
Aggregate

Following a minor fall in the morning session, the Aussie managed to recover all losses and maintain its upward surge until the 0.7544 mark. Along the way, the rate dashed through three resistance levels, namely the 20–, 55– and 100-hour SMAs to stop near the upper Bollinger band. It is likely that the rate remains at this level for some hours prior to testing the 55-hour SMA from above. The Aussie has been trading in a minor channel down for the last four trading days. However, today's upward momentum may indicate that the Antipodean currency is set for a surge. By and large, the closest support cluster formed by the above-mentioned 55-, 100- and 20-hour SMAs might point to bullishness in case these levels are not breached. Otherwise, the price is expected to test the lower channel boundary.

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