AUD/USD sets for a breakout

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

Positions Today Yesterday % Change
Longs 74% 73% 1.35%
Shorts 26% 27% -3.85%
Indicator 4H 1D 1W
MACD (12; 26; 9) Sell Buy Sell
RSI (14) Neutral Neutral Neutral
Stochastic (5; 3; 3) Neutral Neutral Neutral
Alligator (13; 8; 5) Sell Buy Sell
SAR (0.02; 0.2) Buy Buy Buy
Aggregate

The Australian Dollar made no significant changes to its overall price range against the US Dollar on Monday, as the currency pair continued to move sideways for the third consecutive trading session.

In the meantime, the Aussie has reached the upper boundary of a descending channel where the 100– hour simple moving average is located and could be set for a breakout.

If and when the aforementioned breakout occurs, it might encounter a resistance formed by the monthly pivot point at the 0.7645 mark.

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