AUD/USD starts the week at 0.7810

Source: Dukascopy Bank SA

Positions Today Yesterday % Change
Longs 33% 31% 6.06%
Shorts 67% 69% -2.99%
Indicator 4H 1D 1W
MACD (12; 26; 9) Buy Buy Buy
RSI (14) Sell Sell Neutral
Stochastic (5; 3; 3) Sell Sell Sell
Alligator (13; 8; 5) Buy Buy Buy
SAR (0.02; 0.2) Buy Buy Buy
Aggregate

In line with expectations, the AUD/USD ended the preceding trading week near the former R3 at 0.7801. By the moment, there are no signs that the currency rate is planning to make a rebound and retreat to the early July levels. In contrast, the rising 55-, 100- and 200-hour SMAs are stimulating the pair to continue the surge and test the updated weekly R1 at 0.7916. It is still too early to say whether the Euro will manage to break through this barrier, but what we be said for sure is that it is unlikely that the pair will fall below the new weekly PP at 0.7751. On the other hand, there are indicators pointing out on formation of a new ascending channel. A rebound near the 0.7840 level is expected to confirm or refute this theory.

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