AUD/USD could break channel pattern

Note: This section contains information in English only.
Source: Dukascopy Bank SA
PositionsTodayYesterdayChange
Longs55%56%-0.4%
Shorts45%44%0.5%
Indicator4H1D1W
MACD(12;26;9)SellBuyBuy
RSI(14)NeutralNeutralNeutral
Stochastic(5;3;3)NeutralNeutralNeutral
Alligator(13;8;5)SellBuyBuy
SAR(0.02;0.2)BuySellSell
Aggregate

Upside risks dominated the Australian Dollar versus the US Dollar on Thursday. The AUD/USD currency pair tested the weekly resistance level at 0.7784 during Thursday's trading session.

Currently, the exchange rate is trading near the upper boundary of an ascending channel pattern and could be set for a breakout.

If the breakout occurs, a surge towards the 0.7820 level could be expected within this session.

However, if the channel pattern holds, bearish traders could pressure the currency exchange rate lower during the following hours.

Actual Topics

Subscribe to "Fundamental Analysis" feed

Souscrire
To learn more about Dukascopy Bank CFD / Forex trading platform, SWFX and other trading related information,
please call us or make callback request.
For further information regarding potential cooperation,
please call us or make callback request.
To learn more about Dukascopy Bank Binary Options / Forex trading platform, SWFX and other trading related information,
please call us or make callback request.
To learn more about Dukascopy Bank CFD / Forex trading platform, SWFX and other trading related information,
please call us or make callback request.
To learn more about Crypto Trading / CFD / Forex trading platform, SWFX and other trading related information,
please call us or make callback request.
To learn more about Business Introducer and other trading related information,
please call us or make callback request.
For further information regarding potential cooperation,
please call us or make callback request.