AUD/USD passes medium support

Source: Dukascopy Bank SA

Positions Today Yesterday % Change
Longs 38% 34% 10.53%
Shorts 62% 66% -6.45%
Indicator 4H 1D 1W
MACD (12; 26; 9) Buy Buy Buy
RSI (14) Neutral 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

The support cluster on the AUD/USD pair's chart, which was described on Friday did not hold its ground for long. Instead the pair fell below the lower trend line of the previously active medium size channel up pattern and the 55-hour SMA, which were located just below the 0.80 mark. 

However, the decline was stopped by the combined effort of the 100-hour SMA and the weekly PP at the 0.7980 level.

Due to that reason it can be assumed that the rate is done with scoring new high levels and a medium term downwards movement will begin.

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