AUD/USD could still edge higher

Note: This section contains information in English only.
Source: Dukascopy Bank SA
PositionsTodayYesterdayChange
Longs29%27%6.1%
Shorts71%73%-2.5%
Indicator4H1D1W
MACD(12;26;9)BuyBuyBuy
RSI(14)NeutralNeutralNeutral
Stochastic(5;3;3)NeutralNeutralSell
Alligator(13;8;5)NeutralBuyBuy
SAR(0.02;0.2)SellBuyBuy
Aggregate⇒⇗⇗

[ANNOUNCE]The Australian Dollar surged by 39 pips or 0.53% against the US Dollar on Tuesday. The currency pair breached the 50– and 100– hour SMAs during yesterday's trading session.
[/ANNOUNCE]
Most likely, the exchange rate could continue to edge higher in an ascending channel pattern within the following trading session. The potential target for the AUD/USD pair would be near the weekly resistance level at 0.7429.

However, given that the currency exchange rate is currently trading near the lower boundary of the channel pattern, a breakout could occur during the following trading session.

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