AUD/USD breakout could occur

Note: This section contains information in English only.
Source: Dukascopy Bank SA
PositionsTodayYesterdayChange
Longs30%29%3.2%
Shorts70%71%-1.4%
Indicator4H1D1W
MACD(12;26;9)BuyBuyBuy
RSI(14)NeutralNeutralSell
Stochastic(5;3;3)SellNeutralNeutral
Alligator(13;8;5)BuyBuyBuy
SAR(0.02;0.2)BuyBuyBuy
Aggregate⇗⇗⇗

[ANNOUNCE]The Australian Dollar surged by 42 pips or 0.55% against the US Dollar on Friday. The currency pair breached the 50– hour simple moving average at 0.7740 during Friday's trading session.
[/ANNOUNCE]
Currently, the exchange rate is trading near the upper boundary of an ascending channel pattern and could be set for a breakout.

If the breakout occurs, a surge towards the weekly R2 at 0.7847 could be expected within this session.

However, if the channel pattern holds, the currency exchange rate would make a brief pullback towards the weekly PP at 0.7727 today.

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