AUD/USD awaits macroeconomic data releases

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

Positions Today Yesterday % Change
Longs 53% 58% -9.43%
Shorts 47% 42% 10.64%
Indicator 4H 1D 1W
MACD (12; 26; 9) Buy Sell Sell
RSI (14) Sell Neutral Neutral
Stochastic (5; 3; 3) Sell Sell Neutral
Alligator (13; 8; 5) Buy Neutral Sell
SAR (0.02; 0.2) Buy Buy Sell
Aggregate

Upside risks prevailed in the market on Thursday, thus sending the Australian Dollar to surged more than 100 base points against the US Dollar. The currency pair broke a dominant descending channel during the first half of Friday's session.

By the middle of the day, the exchange rate was located above the upper boundary of the dominant descending channel pattern at 0.7234.

By and large, it is likely that the Aussie continues its bullish momentum within this session.

However, the US macroeconomic data releases scheduled at 12:30 GMT could change the overall positioning of the currency exchange rate today.

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