AUD/USD potential target at 0.7320

Note: This section contains information in English only.
Source: Dukascopy Bank SA
PositionsTodayYesterdayChange
Longs72%70%2.5%
Shorts28%30%-6.6%
Indicator4H1D1W
MACD(12;26;9)BuySellSell
RSI(14)NeutralNeutralNeutral
Stochastic(5;3;3)NeutralNeutralBuy
Alligator(13;8;5)BuySellSell
SAR(0.02;0.2)BuySellSell
Aggregate⇗⇘⇘

[ANNOUNCE]On August 24, the Australian Dollar surged by 68 pips or 0.94% against the US Dollar. The currency pair breached the 200– hour simple moving average during yesterday's trading session.[/ANNOUNCE]

As for the near future, the exchange rate could continue to edge higher in a descending channel pattern. Bullish traders are likely to target the 0.7320 level within this session.

However, the AUD/USD currency exchange rate might encounter resistance near the 0.7269 area during the following trading session.

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