AUD/USD breakout from medium-scale triangle

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

Positions Today Yesterday % Change
Longs 74% 71% 4.05%
Shorts 26% 29% -11.54%
Indicator 4H 1D 1W
MACD (12; 26; 9) Buy Sell Sell
RSI (14) Sell Neutral Neutral
Stochastic (5; 3; 3) Neutral Sell Neutral
Alligator (13; 8; 5) Buy Neutral Sell
SAR (0.02; 0.2) Buy Buy Sell
Aggregate

The Australian Dollar has been trading in a medium-scale triangle against the US Dollar. The lower boundary of the triangle was touched on April 9. A breakout occurred through the upper border during the early hours of Friday's trading session.

Given that a breakout occurred, the currency pair could be set for a long-term movement to the upside. Meanwhile, the 55– hour simple moving average was providing support for the pair at 0.7759.

The movement of the AUD/USD currency exchange rate could continue heading north during the following trading session until it encounters a  resistance formed by the monthly R1 at 0.7851.

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