AUD/USD buying signals

Source: Dukascopy Bank SA
PositionsTodayYesterdayChange
Longs28%27%3.0%
Shorts72%73%-1.2%
Indicator4H1D1W
MACD(12;26;9)BuyBuyBuy
RSI(14)SellNeutralSell
Stochastic(5;3;3)NeutralNeutralNeutral
Alligator(13;8;5)BuyBuyBuy
SAR(0.02;0.2)BuyBuyBuy
Aggregate

The Australian Dollar has surged by 83 points or 1.16% against the US Dollar since Thursday's trading session. The currency pair tested the upper boundary of an ascending channel pattern on Friday morning.

All things being equal, the exchange rate will most likely continue to edge higher during the following trading session. The possible target for bullish traders would be at 0.7330.

However, if the resistance level, formed by the upper line of an ascending channel pattern holds, a decline towards the 50– hour simple moving average at 0.7245 could be expected today.

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