AUD/USD breakout occurs

Note: This section contains information in English only.
Source: Dukascopy Bank SA
PositionsTodayYesterdayChange
Longs28%29%-3.2%
Shorts72%71%1.2%
Indicator4H1D1W
MACD(12;26;9)BuyBuyBuy
RSI(14)NeutralNeutralSell
Stochastic(5;3;3)NeutralNeutralNeutral
Alligator(13;8;5)BuyBuyBuy
SAR(0.02;0.2)BuySellBuy
Aggregate

The Australian Dollar declined by 125 pips or 1.71% against the US Dollar on Monday. A breakout occurred through the lower boundary of an ascending channel pattern during yesterday's trading session.

Given that a breakout has occurred, bearish traders could continue to edge lower within this session. The potential target for the AUD/USD pair would be near the 0.7143 level.

However, the monthly support level at 0.7166 could provide support for the currency exchange rate in the short-term.

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