AUD/USD triangle pattern

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

Positions Today Yesterday % Change
Longs 54% 51% 5.56%
Shorts 46% 49% -6.52%
Indicator 4H 1D 1W
MACD (12; 26; 9) Sell Buy Sell
RSI (14) Neutral Neutral Neutral
Stochastic (5; 3; 3) Neutral Neutral Sell
Alligator (13; 8; 5) Sell Buy Sell
SAR (0.02; 0.2) Buy Sell Buy
Aggregate

The Australian Dollar is trading in a triangle-like formation pattern against the US Dollar. The currency pair tested the upper boundary of the pattern at 0.7279 during Wednesday's session.

A resistance cluster formed by the 50– and 100-hour SMAs at 0.7249 was preventing the bulls from driving the exchange rate higher during the morning hours of Thursday's trading session.

If this cluster holds, a possible breakout through the lower boundary of the triangle pattern could be expected today.

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