AUD/USD reveals new junior channel

Note: This section contains information in English only.
Source: Dukascopy Bank SA
PositionsTodayYesterdayChange
Longs72%74%-2.4%
Shorts28%26%6.3%
Indicator4H1D1W
MACD(12;26;9)BuySellSell
RSI(14)NeutralNeutralNeutral
Stochastic(5;3;3)SellNeutralBuy
Alligator(13;8;5)BuySellSell
SAR(0.02;0.2)BuyBuySell
Aggregate⇗⇒⇘

[ANNOUNCE]The Australian Dollar appreciated about 52 base points against the US Dollar on Friday. The exchange rate dashed through the 200-hour simple moving average during Friday's trading session.[/ANNOUNCE]

The currency pair has revealed a new junior ascending channel pattern, which has guided the rate higher.

If the resistance level formed by the upper border of the pattern holds, a reversal south could occur within this session.

Although, if the rate passes the resistance level, the next target for bullish traders will be near the 0.7050 mark.

Actual Topics