AUD/USD breaks patterns as expected

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

Positions Today Yesterday % Change
Longs 66% 63% 4.55%
Shorts 34% 37% -8.82%
Indicator 4H 1D 1W
MACD (12; 26; 9) Buy Sell Sell
RSI (14) Sell Neutral Neutral
Stochastic (5; 3; 3) Sell Sell Sell
Alligator (13; 8; 5) Buy Sell Sell
SAR (0.02; 0.2) Buy Buy Sell
Aggregate

On Thursday the full breaking and ignoring of the previous long term and short term patterns on the AUD/USD could be observed. However, the breaking of those patterns could be expected. 

The reason for that was the fact that the currency exchange rate had rebounded against the most dominant pattern's support earlier this week. Due to that it can be expected that soon the borders of the newly developing medium and long term patterns will reveal themselves. 

Although, one needs to take into account that previous patterns are still going to play a minor role, as their resistance's turn into support levels.

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