AUD/USD likely to maintain channel

Note: This section contains information in English only.
Source: Dukascopy Bank SA
PositionsTodayYesterdayChange
Longs48%41%15.9%
Shorts52%59%-14.8%
Indicator4H1D1W
MACD(12;26;9)SellBuySell
RSI(14)NeutralNeutralNeutral
Stochastic(5;3;3)NeutralNeutralNeutral
Alligator(13;8;5)SellBuySell
SAR(0.02;0.2)SellSellBuy
Aggregate

The Australian Dollar surged by 63 basis points or 0.99% against the US Dollar on Thursday. The currency pair tested the 200– hour simple moving average at 0.6469 during Thursday's session.

Everything being equal, the AUD/USD exchange rate is likely to maintain the descending channel pattern. A decline towards the weekly support level at 0.6419 could be expected today.

However, given that the currency exchange rate is currently trading near the upper line of the descending channel, a breakout may occur during the following trading session.

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