AUD/USD approaches support

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

Positions Today Yesterday % Change
Longs 43% 45% -4.65%
Shorts 57% 55% 3.51%
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

As it was expected, the Australian Dollar continued to consolidate against the US Dollar in the last 24 hours up to the middle of Tuesday's trading. Moreover, the consolidation has been mapped by a new active junior pattern. 

In regards to the future, the pair has encountered the support of the newly drawn channel down pattern and rebounded. Due to that reason the pair is expected to approach the resistance of the weekly R1, which located at the 0.7960 mark. 

Moreover, the surge is expected to occur due to the approaching additional support of the 55-hour simple moving average.

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