AUD/USD expected breakout

Note: This section contains information in English only.
Source: Dukascopy Bank SA

Positions Today Yesterday % Change
Longs 67% 63% 5.97%
Shorts 33% 37% -12.12%
Indicator 4H 1D 1W
MACD (12; 26; 9) Sell Sell Sell
RSI (14) Buy Buy Neutral
Stochastic (5; 3; 3) Buy Buy Neutral
Alligator (13; 8; 5) Sell Sell Sell
SAR (0.02; 0.2) Sell Sell Sell
Aggregate `

The Australian Dollar has remained stable against the US Dollar on Wednesday. A move above 0.74 was limited by the 55-hour simple moving average which is providing resistance for the pair at 0.73.

It is likely that the exchange rate tries to edge higher within this session. However, it has to surpass the aforementioned resistance cluster set by the 55-hour SMA and the weekly Pivot point.

Given that the AUD/USD currency exchange rate has moved closer to the upper boundary of a descending channel, a breakout could be expected within this trading hours.

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