AUD/USD reveals new channel

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

Positions Today Yesterday % Change
Longs 62% 65% -4.84%
Shorts 38% 35% 7.89%
Indicator 4H 1D 1W
MACD (12; 26; 9) Buy Sell Sell
RSI (14) Neutral Neutral Buy
Stochastic (5; 3; 3) Neutral Neutral Buy
Alligator (13; 8; 5) Buy Sell Sell
SAR (0.02; 0.2) Buy Sell Sell
Aggregate

The AUD/USD currency pair has revealed a new junior ascending channel pattern. The rate tested both the upper and lower boundaries of the junior ascending channel yesterday.

The Australian Dollar gained about 35 base points against the US Dollar during the first part of Friday's session. Furthermore, the 50-hour simple moving average is currently guiding the pair higher.

Given that technical indicators is located in the overbought territory, the currency exchange rate might make a brief retracement south during the following trading session. 

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