AUD/USD bounces off support

Note: This section contains information in English only.
Source: Dukascopy Bank SA
PositionsTodayYesterdayChange
Longs41%45%-9.7%
Shorts59%55%6.7%
Indicator4H1D1W
MACD(12;26;9)BuyBuySell
RSI(14)NeutralSellNeutral
Stochastic(5;3;3)NeutralNeutralNeutral
Alligator(13;8;5)BuyBuySell
SAR(0.02;0.2)BuyBuyBuy
Aggregate
On Monday, the AUD/USD currency pair bounced off a support level at 0.7460. As a result, the Australian Dollar surged by 34 pips or 0.45% against the US Dollar during Monday's trading session.

Technical indicators suggest buying signals on the 4H and daily time-frame charts. Most likely, buyers could pressure the exchange rate higher during the following trading session.

However, the currency exchange rate could encounter resistance at 0.7540 within this session.

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