AUD/USD potential surge

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

Positions Today Yesterday % Change
Longs 59% 49% 16.95%
Shorts 41% 51% -24.39%
Indicator 4H 1D 1W
MACD (12; 26; 9) Buy Sell Sell
RSI (14) Neutral Neutral Neutral
Stochastic (5; 3; 3) Neutral Neutral Neutral
Alligator (13; 8; 5) Buy Sell Sell
SAR (0.02; 0.2) Buy Buy Sell
Aggregate

 A reversal from the lower boundary of a junior ascending channel was followed by 106 pips surge on Friday. The Australian Dollar managed to push through the three SMAs.

Given that the 50- and 200-hour simple moving averages moreover, strengthen the 0.7310 mark, bulls could drive the currency pair higher for a potential breakout through the upper border of a dominant descending channel within this session.

Technical indicators on the 4H time-frame demonstrate that bullish sentiment could dominate the AUD/USD currency exchange rate during the following trading session. However, it is important to note that no significant macroeconomic data releases that could make the pair trade with high volatility.  

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