AUD/USD breakout occurs

Note: This section contains information in English only.
Source: Dukascopy Bank SA
PositionsTodayYesterdayChange
Longs59%66%-11.5%
Shorts41%34%16.8%
Indicator4H1D1W
MACD(12;26;9)BuyBuySell
RSI(14)NeutralNeutralNeutral
Stochastic(5;3;3)SellSellNeutral
Alligator(13;8;5)BuyBuySell
SAR(0.02;0.2)BuySellBuy
Aggregate

Upside sentiment dominated the Australian Dollar versus the US Dollar on Monday. The exchange rate appreciated about 0.59% in value during yesterday's trading session.

Today's trading session began with bullish momentum. By the middle of the European session, the currency pair has gained further 0.36%.

Given that a breakout had occurred, it is likely that the AUD/USD currency pair will continue its upward momentum within this session.

However, a resistance level at 0.7143 could pressure the currency exchange rate down during the following trading hours.

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