AUD/USD breakout occurs

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

Positions Today Yesterday % Change
Longs 74% 73% 1.35%
Shorts 26% 27% -3.85%
Indicator 4H 1D 1W
MACD (12; 26; 9) Sell Neutral Buy
RSI (14) Buy Sell Neutral
Stochastic (5; 3; 3) Sell Neutral Buy
Alligator (13; 8; 5) Buy Sell Sell
SAR (0.02; 0.2) Buy Sell Sell
Aggregate

The AUD/USD currency pair continued to appreciate on Friday with high volatility as the previous sessions. A breakout had occurred through the upper boundary of a dominant descending channel.

Given that a breakout had occurred, the currency pair could target a resistance cluster formed by the combination of the weekly and the monthly pivot points near the 0.7579 regions.

However, bears might try to introduce a slight downside potential within this session. Nevertheless, technical indicators demonstrate that the aforementioned upside target could be fulfilled during the following 24hrs.

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