AUD/USD could make pullback

Note: This section contains information in English only.
Source: Dukascopy Bank SA
PositionsTodayYesterdayChange
Longs32%30%7.3%
Shorts68%70%-3.5%
Indicator4H1D1W
MACD(12;26;9)BuyBuyBuy
RSI(14)SellNeutralSell
Stochastic(5;3;3)NeutralSellNeutral
Alligator(13;8;5)BuyBuyBuy
SAR(0.02;0.2)BuyBuyBuy
Aggregate

Australia's currency surged by 31 pips or 0.39% against the US Dollar on Monday. The currency pair tested the upper line of an ascending channel pattern at 0.7803 during Tuesday's trading session.

The exchange rate will most likely make a brief pullback towards the weekly pivot point at 0.7727 during the following trading session.

However, the 50– hour simple moving average at 0.7767 could provide support for the AUD/USD currency exchange rate within this session.

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