AUD/USD two scenarios likely

Note: This section contains information in English only.
Source: Dukascopy Bank SA
PositionsTodayYesterdayChange
Longs50%53%-6.4%
Shorts50%47%6.4%
Indicator4H1D1W
MACD(12;26;9)BuySellBuy
RSI(14)NeutralNeutralNeutral
Stochastic(5;3;3)SellNeutralNeutral
Alligator(13;8;5)BuySellBuy
SAR(0.02;0.2)BuyBuySell
Aggregate⇗⇒⇒

[ANNOUNCE]The Australian Dollar surged by 50 pips or 0.66% against the US Dollar on Thursday, The currency pair breached the weekly resistance level at 0.7755 during Thursday's trading session.[/ANNOUNCE]

Currently, the exchange rate is trading near the lower boundary of an ascending channel pattern at 0.7724 and could be set for a breakout.

If the breakout occurs, bearish traders could target the 0.7666 level within this session.

However, if the channel pattern holds, buyers might pressure the AUD/USD currency exchange rate higher during the following trading session.

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