AUD/USD likely breakout

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

Positions Today Yesterday % Change
Longs 60% 66% -10.00%
Shorts 40% 34% 15.00%
Indicator 4H 1D 1W
MACD (12; 26; 9) Sell Sell Sell
RSI (14) Neutral Neutral Neutral
Stochastic (5; 3; 3) Neutral Neutral Neutral
Alligator (13; 8; 5) Neutral Sell Sell
SAR (0.02; 0.2) Sell Sell Sell
Aggregate

Even though flashing bullish signs on Monday, bearish sentiment took control of the market during the second part of the day, as the 200-hour simple moving average pressurized the currency pair lower toward the lower boundary of an ascending junior pattern.

By mid-Tuesday, the exchange rate was stranded between SMAs. The 55-hour simple moving average combined with the weekly PP at 0.7419 was providing resistance for the pair while the 100-hour SMA was proving support.

Everything being equal, a breakout through the bottom border of the junior ascending pattern could be expected within this session.

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