AUD/USD expected breakout

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

Positions Today Yesterday % Change
Longs 67% 63% 5.97%
Shorts 33% 37% -12.12%
Indicator 4H 1D 1W
MACD (12; 26; 9) Sell Sell Sell
RSI (14) Buy Buy Neutral
Stochastic (5; 3; 3) Buy Buy Neutral
Alligator (13; 8; 5) Sell Sell Sell
SAR (0.02; 0.2) Sell Sell Sell
Aggregate ⇒ ⇒ `

[ANNOUNCE]The Australian Dollar has remained stable against the US Dollar on Wednesday. A move above 0.74 was limited by the 55-hour simple moving average which is providing resistance for the pair at 0.73.[/ANNOUNCE]

It is likely that the exchange rate tries to edge higher within this session. However, it has to surpass the aforementioned resistance cluster set by the 55-hour SMA and the weekly Pivot point.

Given that the AUD/USD currency exchange rate has moved closer to the upper boundary of a descending channel, a breakout could be expected within this trading hours.

Actual Topics