AUD/USD upside risk prevails

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

Positions Today Yesterday % Change
Longs 73% 73% 0.00%
Shorts 27% 27% 0.00%
Indicator 4H 1D 1W
MACD (12; 26; 9) Buy Sell Sell
RSI (14) Neutral Neutral Neutral
Stochastic (5; 3; 3) Sell Neutral Buy
Alligator (13; 8; 5) Buy Sell Sell
SAR (0.02; 0.2) Buy Buy Sell
Aggregate

Bulls managed to regain control of market yesterday. By the end of Monday's trading session, the AUD/USD currency pair accumulated approximately 59 basis point. 

Given that the pair has picked up bullish momentum, it is likely that the currency exchange rate could breach the upper boundary of an ascending channel during the following trading session.

Two scenarios are likely to take place within the next 24hrs. First, the rate might reverse from the up border of the junior pattern and continue its downward movement. Second, the pair could move past the aforementioned boundary and begin a new wave to the upside.

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.