AUD/USD breakout occurs

Note: This section contains information in English only.
Source: Dukascopy Bank SA
PositionsTodayYesterdayChange
Longs71%71%-0.4%
Shorts29%29%0.9%
Indicator4H1D1W
MACD(12;26;9)SellSellSell
RSI(14)NeutralNeutralNeutral
Stochastic(5;3;3)BuyNeutralNeutral
Alligator(13;8;5)SellSellSell
SAR(0.02;0.2)SellBuySell
Aggregate⇘⇒⇘

[ANNOUNCE]The Australian Dollar has appreciated by 1.03% in value against the US Dollar since Tuesday.[/ANNOUNCE] The currency pair made an upside reversal from the lower boundary of a medium-term ascending channel pattern at 0.6728 during Tuesday's trading session. As a result, a breakout occurred through the upper line of the channel pattern during the Asian session on Thursday.

The exchange rate might continue to edge higher until it reaches a resistance level formed by the weekly R1 at 0.6828.

If the resistance level holds, the AUD/USD pair will most likely make a brief pullback within this session.

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