AUD/USD 1H Chart: Channel Up

Note: This section contains information in English only.
Source: Dukascopy Bank SA
© Dukascopy Bank SA
The Australian Dollar is surging against the US Dollar in an ascending channel pattern. The currency exchange rate is in the middle of the pattern at 0.7657. However, the currency exchange rate is in general oriented on an upward movement, as in every time it moves lower the pair encounters the 55 and 100-hour SMAs, which provide support and rebound the rate. As this general trend continues, the exchange rate will move to the upper trend line at 0.77, which is supported by the weekly R1 at 0.7695. In addition, an upward movement forecast is supported by the fact, that the currency pair might be oversold, as 74.16% of SWFX open positions are short.
© Dukascopy Bank SA
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Wed, 10 Aug 2016 07:08:48 GMT

AUD/CHF 1H Chart: Channel Up

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