AUD/USD could edge up

Note: This section contains information in English only.
Source: Dukascopy Bank SA
PositionsTodayYesterdayChange
Longs57%57%0.4%
Shorts43%43%-0.6%
Indicator4H1D1W
MACD(12;26;9)BuySellSell
RSI(14)NeutralNeutralNeutral
Stochastic(5;3;3)NeutralNeutralNeutral
Alligator(13;8;5)BuyNeutralSell
SAR(0.02;0.2)BuyBuySell
Aggregate

During the first half of Friday's trading session, the Australian Dollar surged by 0.51% against the US Dollar. However, the currency pair erased the earlier gains at the end of the day.

Given that the exchange rate has bounced off a support level formed by the 50– hour simple moving average at 0.7305, bullish traders could drive the AUD/USD pair higher during the following trading session.

But, the resistance level at 0.7327 could provide resistance for the currency exchange rate within this session.

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