AUD/USD possible breakout

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

Positions Today Yesterday % Change
Longs 59% 53% 10.17%
Shorts 41% 47% -14.63%
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

The Australian Dollar traded with low volatility against the US Dollar on Monday. The AUD/USD currency pair appreciated by 37 base points during yesterday's trading session.

The exchange rate was trading near the upper boundary of a dominant descending channel at 0.7228 and could be set for a breakout.

If this breakout occurs, the possible target that bullish traders could push the currency exchange rate towards a swing high of 0.7318 during the following trading session.

However, the pair could reverse from currency price level and aim at the 100-hour simple moving average at 0.7173 today.

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