AUD/USD potential breakout

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

Positions Today Yesterday % Change
Longs 65% 63% 3.08%
Shorts 35% 37% -5.71%
Indicator 4H 1D 1W
MACD (12; 26; 9) Buy Sell Sell
RSI (14) Neutral Neutral Buy
Stochastic (5; 3; 3) Sell Neutral Buy
Alligator (13; 8; 5) Buy Sell Sell
SAR (0.02; 0.2) Buy Sell Sell
Aggregate

The Australian Dollar versus the US Dollar has declined massively since the end of August. The currency pair pulls back from the upper boundary of a junior descending channel on August 29 and followed by a period of decline.

Given that the exchange rate is trading near the upper boundary of the junior descending channel, a breakout could occur within this session. Moreover, the US CPI and Core CPI macroeconomic data releases scheduled at 12:30 GMT could influence the movement of the pair to either direction today.

However, given the three moving averages have fallen below the price, upside risk potential is still apparent in regards to this currency pair. 

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