AUD/USD breakout occurs

Source: Dukascopy Bank SA
PositionsTodayYesterdayChange
Longs48%47%1.8%
Shorts52%53%-1.7%
Indicator4H1D1W
MACD(12;26;9)BuyBuySell
RSI(14)NeutralNeutralNeutral
Stochastic(5;3;3)NeutralSellNeutral
Alligator(13;8;5)BuyBuySell
SAR(0.02;0.2)SellBuySell
Aggregate

On Friday, the AUD/USD currency pair surged by 37 base points. The exchange rate reached a two-week high at 0.7020. However, today's trading session began with a bearish sentiment.

By the middle of the session, a breakout through the lower boundary of an ascending channel pattern at o.7006 had occurred.

Most likely, the US Dollar will continue to gain strength against the Aussie within this session.

The currency exchange rate might aim for a support cluster formed by the weekly S1 and the 200-hour simple moving average at 0.6954 today.

Actual Topics

Subscribe to "Fundamental Analysis" feed

Subscribe
To learn more about Dukascopy Bank CFD / Forex trading platform, SWFX and other trading related information,
please call us or make callback request.
For further information regarding potential cooperation,
please call us or make callback request.
To learn more about Dukascopy Bank Binary Options / Forex trading platform, SWFX and other trading related information,
please call us or make callback request.
To learn more about Dukascopy Bank CFD / Forex trading platform, SWFX and other trading related information,
please call us or make callback request.
To learn more about Crypto Trading / CFD / Forex trading platform, SWFX and other trading related information,
please call us or make callback request.
To learn more about Business Introducer and other trading related information,
please call us or make callback request.
For further information regarding potential cooperation,
please call us or make callback request.