AUD/USD finds support

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

Positions Today Yesterday % Change
Longs 34% 39% -14.71%
Shorts 66% 61% 7.58%
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

Although it was expected that the Australian Dollar will begin a surge against the US Dollar after meeting with the lower trend line of a long term channel up pattern, the pair began the surge a lot earlier. 

The 200-hour simple moving average proved that it has enough support to force the currency exchange rate higher. The subsequent surge was only slowed down by the combined resistance of the 55 and 100-hour simple moving averages just below the 0.80 mark. 

In regards to the future, the pair sis et to extend its ascent and most likely reach the 0.81 level.

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