AUD/USD passes resistance levels

Note: This section contains information in English only.
Source: Dukascopy Bank SA

Positions Today Yesterday % Change
Longs 75% 75% 0.00%
Shorts 25% 25% 0.00%
Indicator 4H 1D 1W
MACD (12; 26; 9) Buy Sell Sell
RSI (14) Neutral Neutral Neutral
Stochastic (5; 3; 3) Neutral Neutral Neutral
Alligator (13; 8; 5) Buy Neutral Sell
SAR (0.02; 0.2) Buy Buy Sell
Aggregate

The previously described scenario on Thursday had became reality on the AUD/USD. Namely, the currency exchange rate had managed to pass the various resistance levels that surrounded the 0.7570 mark. 

Although, by the middle of Friday's trading session the rate had retraced back to the levels of significance at 0.7580. However, it looked like the reason for the decline was a reconfirmation of level of significance as support.

If the mentioned level manages to hold its ground, the rate would surge up to the 0.7630 mark, where close by the second weekly resistance level was located at. 

Nevertheless, the rate might take its time before surging until the 55 and 100-hour SMAs will approach the pair from the downside.

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