AUD/USD moving towards target

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

Positions Today Yesterday % Change
Longs 60% 57% 5.00%
Shorts 40% 43% -7.50%
Indicator 4H 1D 1W
MACD (12; 26; 9) Sell Sell Sell
RSI (14) Neutral Neutral Neutral
Stochastic (5; 3; 3) Neutral Neutral Buy
Alligator (13; 8; 5) Neutral Sell Sell
SAR (0.02; 0.2) Buy Sell Sell
Aggregate

The Australian Dollar appreciated about 64 base points against the US Dollar on Tuesday. The currency pair tested the upper boundary of a medium-term descending channel at 0.7100 during the end of yesterday's session.

Everything being equal, it is likely that the currency exchange rate will maintain its upside momentum within this session.

If this bullish momentum continues? The exchange rate will aim for a re-test of the upper boundary of the descending channel pattern during the following trading session.

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