AUD/USD bounces off support

Note: This section contains information in English only.
Source: Dukascopy Bank SA
PositionsTodayYesterdayChange
Longs61%63%-3.3%
Shorts39%37%5.1%
Indicator4H1D1W
MACD(12;26;9)BuySellBuy
RSI(14)NeutralNeutralNeutral
Stochastic(5;3;3)SellNeutralBuy
Alligator(13;8;5)BuySellBuy
SAR(0.02;0.2)BuySellSell
Aggregate⇗⇘⇗

[ANNOUNCE]The Australian Dollar surged by 54 pips or 0.71% against the US Dollar on Monday. The currency pair bounced off from a support cluster formed by the 50– and 200– hour SMAs at 0.7613 during yesterday's trading session.[/ANNOUNCE]

The exchange rate rebounded from the lower boundary of an ascending channel pattern at 0.7631 during the Asian session on Tuesday.

Most likely, the AUD/USD pair could continue to edge higher within the following trading session.

However, the weekly R1 at 0.7663 could provide resistance for the currency exchange rate today.

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