AUD/USD breakout occurs

Note: This section contains information in English only.
Source: Dukascopy Bank SA
PositionsTodayYesterdayChange
Longs75%74%0.7%
Shorts25%26%-2.0%
Indicator4H1D1W
MACD(12;26;9)BuySellSell
RSI(14)NeutralNeutralNeutral
Stochastic(5;3;3)NeutralNeutralBuy
Alligator(13;8;5)BuySellSell
SAR(0.02;0.2)BuyBuySell
Aggregate

The Australian Dollar traded in a horizontal line against the US Dollar on Tuesday. The currency pair made about 17 base points movement during yesterday's trading session.

A breakout occurred through the lower boundary of an ascending channel pattern at 0.6924 during the morning hours of today's trading session.

Given that a breakout had occurred, it is likely that the AUD/USD currency exchange rate will aim for the 200-hour simple moving average at o.6902 within this session.

However, a support level formed by the weekly pivot point at 0.6909 could hinder such movement.

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