AUD/USD expected to break pattern

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

Positions Today Yesterday % Change
Longs 61% 52% 14.75%
Shorts 39% 48% -23.08%
Indicator 4H 1D 1W
MACD (12; 26; 9) Sell Buy Buy
RSI (14) Buy Neutral Neutral
Stochastic (5; 3; 3) Sell Neutral Sell
Alligator (13; 8; 5) Sell Neutral Buy
SAR (0.02; 0.2) Sell Sell Buy
Aggregate

The Australian Dollar has been confined by a channel down against the USD Dollar since late January. The upper boundary of the dashed channel was reached on January 31 and the pair has since been moving along the channel. 

The AUD/USD pair continues trading with low volatility; however, a breakout is expected through the upper boundary during the following sessions.  

Furthermore, if and when the aforementioned scenario occurs, the currency exchange rate could encounter a resistance by the weekly pivot point at the 0.7856 mark.

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