AUD/USD potential target at 0.7800

Note: This section contains information in English only.
Source: Dukascopy Bank SA
PositionsTodayYesterdayChange
Longs27%29%-6.6%
Shorts73%71%2.4%
Indicator4H1D1W
MACD(12;26;9)BuyBuyBuy
RSI(14)SellSellSell
Stochastic(5;3;3)NeutralNeutralSell
Alligator(13;8;5)BuyBuyBuy
SAR(0.02;0.2)SellBuyBuy
Aggregate

The Australian Dollar has declined by 53 points or 0.68% against the US Dollar since December 31. The decline was stopped by the 50– hour simple moving average at 0.7693 on January 4.

Everything being equal, the AUD/USD exchange rate could edge higher within the following trading session. The potential target for bullish traders would be near the 0.7800 level.

However, the weekly R1 at 0.7770 could provide resistance for the currency exchange rate within this session.

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