AUD/USD breaks though weekly R3

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

Positions Today Yesterday % Change
Longs 31% 34% -9.68%
Shorts 69% 66% 4.35%
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

Contrary to technical indicators, the AUD/USD did not bounce off from the weekly R2 at 0.7748 yesterday. Instead, it used the 20-hour SMA as a springboard to overcome the above resistance level. Because of a back-up from the bottom the Aussie was expected to gradually climb to the weekly R3 at 0.7801. However, a release of the US CPI and Retail Sales accelerated this process and threw the pair upwards by 60 basis points. Once the markets will calm down, the pair is expected to slightly roll back and end the week near the above weekly R3. On Monday, when the weekly retracement levels will be updated, traders could have a more precise outlook about the pair's future direction.

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