AUD/USD breakout occurs

Note: This section contains information in English only.
Source: Dukascopy Bank SA
PositionsTodayYesterdayChange
Longs57%57%0.1%
Shorts43%43%-0.1%
Indicator4H1D1W
MACD(12;26;9)SellBuyBuy
RSI(14)NeutralNeutralNeutral
Stochastic(5;3;3)NeutralBuySell
Alligator(13;8;5)SellBuyNeutral
SAR(0.02;0.2)SellSellBuy
Aggregate

The Australian Dollar has declined by 58 basis points against the US Dollar since yesterday's trading session. A breakout occurred through the lower boundary of an ascending channel pattern at 0.6920 during the morning hours on Tuesday. 

Given that a breakout had occurred, the AUD/USD currency pair will likely continue to trade south within this session. The potential target will be near the monthly S1 at 0.6837.

Although, a support level formed by the weekly S2 at 0.6868 could provide support for the currency exchange rate during the following trading session.

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