AUD/USD plunges in response to fundamentals

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

Positions Today Yesterday % Change
Longs 40% 43% -7.50%
Shorts 60% 57% 5.00%
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

The minor channel down in force since June 7 was not able to confine the bullish Aussie, as the Antipodean currency breached the upper channel boundary late Monday and surged up to the 0.7565 mark. Subsequently, the pair traded lower, testing a support cluster formed by the above-mentioned channel boundary and the 55– and 100-hour SMAs circa 0.7540. US fundamentals mid-day favoured the Greenback, thus setting the pair for a fall down to the lower Bollinger band. It is, thus, expected that the rate may linger near this level prior to making a U-turn. The 55– and 100-hour SMAs might provide resistance, thus restricting the Aussie from further appreciation in this trading session. It is, however, yet to be seen if this scenario occurs, as technical indicators flash mixed signals.

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