AUD/USD breaks junior pattern

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

Positions Today Yesterday % Change
Longs 36% 39% -8.33%
Shorts 64% 61% 4.69%
Indicator 4H 1D 1W
MACD (12; 26; 9) Buy Buy Buy
RSI (14) Neutral Neutral Neutral
Stochastic (5; 3; 3) Buy Sell Sell
Alligator (13; 8; 5) Buy Buy Buy
SAR (0.02; 0.2) Buy Buy Buy
Aggregate

The suspicions of more than previously known patterns affecting the AUD/USD pair have been confirmed. However, the rate is still expected to surge in the medium term. 

As it has been discovered on Tuesday there exists a medium term ascending channel pattern, which will guide the rate higher. Although, one can spot that there is a resistance line, which can be marked by connecting the 17 august high with the high levels of Monday. 

The previous forecast of the pair reaching the 0.80 mark remains in force. However, fluctuations up and down are to be expected.

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