AUD/USD breaks three-week highs

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Source: Dukascopy Bank SA
PositionsTodayYesterdayChange
Longs53%57%-6.6%
Shorts47%43%7.5%
Indicator4H1D1W
MACD(12;26;9)BuySellBuy
RSI(14)NeutralNeutralNeutral
Stochastic(5;3;3)SellNeutralNeutral
Alligator(13;8;5)BuySellBuy
SAR(0.02;0.2)BuyBuySell
Aggregate⇗⇒⇒

[ANNOUNCE]The Australian Dollar surged by 101 pips or 1.32% against the US Dollar on Wednesday. The currency pair breached a three-week resistance level at 0.7666 during yesterday's trading session.[/ANNOUNCE]

All things being equal, the exchange rate could continue to edge higher during the following trading session. The potential target for the AUD/USD pair will be near the 0.7800 level.

However, a resistance line at 0.7740 could provide resistance for the currency exchange rate within this session.

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