AUD/USD bullish sentiment continues

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

Positions Today Yesterday % Change
Longs 62% 68% -9.68%
Shorts 38% 32% 15.79%
Indicator 4H 1D 1W
MACD (12; 26; 9) Buy Sell Sell
RSI (14) Sell Neutral Buy
Stochastic (5; 3; 3) Neutral Neutral Buy
Alligator (13; 8; 5) Buy Sell Sell
SAR (0.02; 0.2) Buy Buy Sell
Aggregate

Bullish sentiment dominated the AUD/USD currency pair on Tuesday, thus sending the Australian Dollar to surged 1.03% against the US Dollar. The pair breached the weekly resistance level at 0.7222 during the end of yesterday session.

Given that the exchange rate has moved past the weekly R1, the next potential level for the pair could be the upper boundary of a junior ascending channel and the monthly pivot point at 0.7275.

If and when the currency exchange rate reaches the potential target, the pair could make a temporary retracement towards the weekly resistance level at 0.7222 during the following trading session.

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