AUD/USD breakout occurs

Note: This section contains information in English only.
Source: Dukascopy Bank SA
PositionsTodayYesterdayChange
Longs42%42%-0.1%
Shorts58%58%0.1%
Indicator4H1D1W
MACD(12;26;9)BuyBuySell
RSI(14)NeutralNeutralNeutral
Stochastic(5;3;3)NeutralNeutralNeutral
Alligator(13;8;5)BuyBuySell
SAR(0.02;0.2)BuySellBuy
Aggregate

The Australian Dollar surged by 99 basis points or 1.57% against the US Dollar on Thursday. A breakout occurred through the upper boundary of a descending channel pattern during Thursday's trading session.

Given that a breakout has occurred, bullish traders would continue to pressure the exchange rate higher within this session. The potential target for the AUD/USD pair would be at the 0.6400 mark.

Meanwhile, technical indicators suggest that the currency exchange rate might trade sideways during the following trading session.

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