AUD/USD moving towards target

Note: This section contains information in English only.
Source: Dukascopy Bank SA

Positions Today Yesterday % Change
Longs 58% 65% -12.07%
Shorts 42% 35% 16.67%
Indicator 4H 1D 1W
MACD (12; 26; 9) Buy Sell Buy
RSI (14) Neutral Neutral Neutral
Stochastic (5; 3; 3) Sell Sell Sell
Alligator (13; 8; 5) Buy Sell Buy
SAR (0.02; 0.2) Buy Buy Buy
Aggregate

The Australian Dollar continues its smooth journey in an ascending channel against the Greenback. The currency pair breached the monthly pivot point at 0.7863 during the middle of the US trading session yesterday.

The combination of the 55–, 100-, and the 200– hour SMAs indicates that the surge is likely to continue until it breaches the weekly R1 at 0.7893.

As for near future, bulls are likely to continue their dominance on this exchange rate until it reaches the aforementioned weekly R1. in addition, technical indicators flash buy signals.

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