AUD/USD set for breakout

Note: This section contains information in English only.
Source: Dukascopy Bank SA
PositionsTodayYesterdayChange
Longs67%69%-2.7%
Shorts33%31%5.5%
Indicator4H1D1W
MACD(12;26;9)SellSellSell
RSI(14)NeutralNeutralNeutral
Stochastic(5;3;3)NeutralNeutralNeutral
Alligator(13;8;5)SellSellSell
SAR(0.02;0.2)SellSellBuy
Aggregate

The Australian Dollar appreciated about 72 base points against the US Dollar on Friday. The currency pair tested the upper boundary of a descending channel pattern at 0.7129 at the end of Wednesday's trading session.

Most likely, the exchange rate will move towards the weekly pivot point at 0.7090 within this session.

However, given that the currency exchange rate is trading near the upper boundary of the descending channel pattern, a breakout could be expected during the following trading session.

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