AUD/USD breakout occurs

Note: This section contains information in English only.
Source: Dukascopy Bank SA
PositionsTodayYesterdayChange
Longs52%54%-3.0%
Shorts48%46%3.3%
Indicator4H1D1W
MACD(12;26;9)BuySellBuy
RSI(14)NeutralNeutralNeutral
Stochastic(5;3;3)NeutralNeutralBuy
Alligator(13;8;5)BuySellNeutral
SAR(0.02;0.2)SellSellSell
Aggregate

On Monday, the Australian Dollar declined by 41 pips or 0.54% against the US Dollar. A breakout occurred through the lower boundary of an ascending channel pattern during yesterday's trading session.

Given that a breakout has occurred, the exchange rate could continue to trend bearish during the following trading session. The possible target for the AUD/USD pair would be near the weekly support level at 0.7505.

However, the currency exchange rate could find support at 0.7540 within Tuesday's trading session.

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