AUD/USD moving towards monthly R1

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

Positions Today Yesterday % Change
Longs 64% 61% 4.69%
Shorts 36% 39% -8.33%
Indicator 4H 1D 1W
MACD (12; 26; 9) Buy Buy Sell
RSI (14) Sell Neutral Neutral
Stochastic (5; 3; 3) Sell Neutral Sell
Alligator (13; 8; 5) Buy Buy Sell
SAR (0.02; 0.2) Buy Buy Buy
Aggregate

Bullish sentiment dominated the Australian Dollar versus the US Dollar on Wednesday. The currency pair gained about 1.72% of its values during Wednesday's trading session.

The bullish momentum could continue within this session. The upside target for the currency exchange rate will be near the upper boundary of a junior ascending channel pattern at 0.7292.

The AUD/USD exchange rate could make a pullback south from the monthly resistance level at 0.7292 during the following trading session.

In the meantime, technical indicators flash bullish signals on the 4(H) time frame.

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