AUD/USD reconfirms support line

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

Positions Today Yesterday % Change
Longs 39% 41% -5.13%
Shorts 61% 59% 3.28%
Indicator 4H 1D 1W
MACD (12; 26; 9) Buy Buy Buy
RSI (14) Neutral Neutral Neutral
Stochastic (5; 3; 3) Sell Sell Sell
Alligator (13; 8; 5) Buy Buy Buy
SAR (0.02; 0.2) Buy Buy Buy
Aggregate

During the second half of Monday's trading session the Australian Dollar had reconfirmed the lower trend line of an ascending channel pattern against the US Dollar. After the reconfirmation the pair was also supported by the 55-hour SMA, which approached the support line of the ascending pattern. 

By looking at the various levels of significance, it can be stated that the pair will surge. The reason for that is the fact that until the 0.80 level, as the weekly R1 is the closest resistance level at that mark. 

However, one should look at whether there exist any other smaller timeframe resistance levels, which could slow down the surge.

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