AUD/USD reaches six-week high

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

Positions Today Yesterday % Change
Longs 72% 74% -2.78%
Shorts 28% 26% 7.14%
Indicator 4H 1D 1W
MACD (12; 26; 9) Buy Buy Sell
RSI (14) Neutral Neutral Neutral
Stochastic (5; 3; 3) Neutral Neutral Neutral
Alligator (13; 8; 5) Buy Buy Sell
SAR (0.02; 0.2) Buy Buy Sell
Aggregate

The Australian Dollar continues its neat movement in ascending patterns against the US Dollar. By the end of trading session on Tuesday, the currency pair has reached a six-week high level at 0.7664. 

During the first half of Wednesday's trading, the exchange rate made a brief retracement south. However, this decline has encountered a support set by the monthly pivot point at 0.76.

As for near future, the AUD/USD currency exchange rate is likely to continue its movement northward during the following trading session. In addition, technical indicators flash buy signals.

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