AUD/USD likely to break channel

Note: This section contains information in English only.
Source: Dukascopy Bank SA
PositionsTodayYesterdayChange
Longs28%27%2.8%
Shorts72%73%-1.1%
Indicator4H1D1W
MACD(12;26;9)BuyBuyBuy
RSI(14)NeutralNeutralNeutral
Stochastic(5;3;3)NeutralNeutralNeutral
Alligator(13;8;5)BuyBuyBuy
SAR(0.02;0.2)SellSellBuy
Aggregate

The 100– hour simple moving average guided the Australian Dollar against the US Dollar on Friday. The AUD/USD currency pair tested the 0.7300 level during Friday's trading session.

All things being equal, the exchange rate could edge higher during the following trading session. A breakout could occur through the upper boundary of a descending channel pattern.

On the other hand, bears might come into play and push the currency exchange rate towards the 0.7220 area within this session.

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