AUD/USD skyrockets after fundamentals

Source: Dukascopy Bank SA

Positions Today Yesterday % Change
Longs 39% 37% 5.13%
Shorts 61% 63% -3.28%
Indicator 4H 1D 1W
MACD (12; 26; 9) Sell Buy Buy
RSI (14) Neutral Neutral Neutral
Stochastic (5; 3; 3) Sell Sell Buy
Alligator (13; 8; 5) Buy Buy Buy
SAR (0.02; 0.2) Buy Buy Buy
Aggregate

After reversing near the weekly S1 at 0.7885, AUD/USD picked up speed and dashed through the 55-, 100– and 200-hour SMAs. This move provided the second bottom confirmation of a newly-formed ascending channel. 

Prior to US data release, the rate showed reluctance to breach a support cluster set by the 55– and 200-hour SMAs and the weekly PP. The given data, in the result of which the rate shot up 55-pips in the first two minutes, erased any doubts that the rate may edge higher within the upcoming hours. 

This surge, however, is expected to be limited with the upper target set near the weekly R1.

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