AUD/USD tests weekly R1

Note: This section contains information in English only.
Source: Dukascopy Bank SA
PositionsTodayYesterdayChange
Longs31%32%-2.8%
Shorts69%68%1.2%
Indicator4H1D1W
MACD(12;26;9)BuyBuyBuy
RSI(14)SellNeutralNeutral
Stochastic(5;3;3)NeutralNeutralNeutral
Alligator(13;8;5)BuyBuyBuy
SAR(0.02;0.2)BuyBuyBuy
Aggregate⇗⇗⇗

[ANNOUNCE]The Australian Dollar has surged by 63 basis points or 0.91% against the US Dollar since Friday's trading session. The currency pair tested the weekly resistance level at 0.6978 on Monday morning. [/ANNOUNCE]

If the weekly R1 at 0.6979 holds, bearish traders could pressure the exchange rate lower towards the 0.6940 level during the following trading session.

However, if the AUD/USD currency exchange rate breaks the weekly resistance level, a surge towards the 0.7000 area could be expected within the following trading session.

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