AUD/USD two scenarios likely

Source: Dukascopy Bank SA
PositionsTodayYesterdayChange
Longs58%52%10.1%
Shorts42%48%-14.0%
Indicator4H1D1W
MACD(12;26;9)BuyBuySell
RSI(14)SellNeutralNeutral
Stochastic(5;3;3)NeutralSellNeutral
Alligator(13;8;5)BuyBuySell
SAR(0.02;0.2)SellBuyBuy
Aggregate

On Thursday, the Australian Dollar rose by 52 pips or 0.70% against the US Dollar. The currency pair tested the upper boundary of an ascending channel pattern during yesterday's trading session.

Everything being equal, the AUD/USD exchange rate could continue to edge higher during the following trading session. The potential target for buyers will be near the 0.7480 level.

However, the upper line of an ascending channel pattern could provide resistance for the currency exchange rate within this session.

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.