AUD/USD moving towards target

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

 Positions Today Yesterday Change
 Longs 66% 68% -3.0%
 Shorts 34% 32% 5.9%
       
 Indicator 4H 1D 1W
 MACD(12;26;9) Sell Sell Sell
 RSI(14) Neutral Neutral Neutral
 Stochastic(5;3;3) Sell Neutral Neutral
 Alligator(13;8;5) Neutral Sell Sell
 SAR(0.02;0.2) Buy Sell Buy
 Aggregate

The Australian Dollar appreciated about 68 base points against the US Dollar on Friday. The currency pair breached a resistance cluster formed by the weekly, the monthly PPs and the 100-hour simple moving average at 0.7134.

Today's session began with bullish sentiment, and by the middle of the trading session, the exchange rate has breached the upper boundary of a downtrend line at 0.7152.

Everything being equal, it is likely that the currency exchange rate continues its upside movement within this session. The potential upside target in the next 24hrs will be at a swing high of 0.7201.

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