AUD/USD breakout could occur

Note: This section contains information in English only.
Source: Dukascopy Bank SA
PositionsTodayYesterdayChange
Longs36%37%-5.5%
Shorts64%63%3.1%
Indicator4H1D1W
MACD(12;26;9)SellBuyBuy
RSI(14)NeutralNeutralNeutral
Stochastic(5;3;3)NeutralNeutralNeutral
Alligator(13;8;5)SellNeutralBuy
SAR(0.02;0.2)BuySellBuy
Aggregate⇒⇒⇗

[ANNOUNCE]The Australian Dollar surged by 79 pips or 0.91% against the US Dollar on Friday. The currency pair tested the upper line of a descending channel pattern at 0.7784 during the Asian session on Monday.[/ANNOUNCE]

Currently, the exchange rate is trading near the upper boundary of the channel pattern and could be set for a breakout.

If the breakout occurs, a surge towards the 0.7840 level could be expected within this session.

However, if the descending channel pattern holds, sellers may pressure the currency exchange rate lower today.

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