AUD/USD could still edge higher

Note: This section contains information in English only.
Source: Dukascopy Bank SA
PositionsTodayYesterdayChange
Longs62%63%-1.2%
Shorts38%37%1.9%
Indicator4H1D1W
MACD(12;26;9)SellSellBuy
RSI(14)NeutralNeutralNeutral
Stochastic(5;3;3)NeutralNeutralNeutral
Alligator(13;8;5)SellSellBuy
SAR(0.02;0.2)BuySellSell
Aggregate⇒⇘⇒

[ANNOUNCE]The Australian Dollar surged by 53 pips or 0.69% against the US Dollar on Friday. The currency pair breached the 50– hour simple moving average during Friday's trading session.
[/ANNOUNCE]
All things being equal, the exchange rate could continue to surge during the following trading session. The possible target for the AUD/USD pair will be near the weekly resistance level at 0.7741.

However, a resistance level formed by the 200– hour SMA at 0.7687 could provide resistance for the currency exchange rate in the shorter term.

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