AUD/USD targets at 0.7394

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

Positions Today Yesterday % Change
Longs 51% 59% -15.69%
Shorts 49% 41% 16.33%
Indicator 4H 1D 1W
MACD (12; 26; 9) Buy Sell Sell
RSI (14) Neutral Neutral Neutral
Stochastic (5; 3; 3) Neutral Neutral Neutral
Alligator (13; 8; 5) Buy Sell Sell
SAR (0.02; 0.2) Buy Buy Sell
Aggregate

The Australian Dollar has been moving in a two-week ascending channel against the US Dollar. The rate reversed from a support cluster at 0.7328 mid-session on Monday and began to appreciate. As a result, the price breached the upper boundary of a medium-term descending channel.

By the middle of Tuesday's session, the 50-hour simple moving average was providing support for the currency pair at 0.7327.

In case bulls continue to prevail in the market today, the currency exchange rate could potentially test the weekly resistance level at the 0.7394 regions during the following trading hours.

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