AUD/USD bounces off dominant support

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

Positions Today Yesterday % Change
Longs 37% 40% -8.11%
Shorts 63% 60% 4.76%
Indicator 4H 1D 1W
MACD (12; 26; 9) Sell Buy Buy
RSI (14) Neutral Neutral Neutral
Stochastic (5; 3; 3) Sell Sell Neutral
Alligator (13; 8; 5) Sell Buy Buy
SAR (0.02; 0.2) Buy Buy Buy
Aggregate

On Thursday it was clear that the rebound against the most dominant pattern will occur. However, it was unclear whether the pair will break the cluster of resistance above it.On Friday it could be observed that the resistance levels were broken. 

Due to that reason, from a simple technical analysis perspective, it can be forecasted that the currency exchange rate will jump to the upper trend line of the previously active medium term pattern near the 0.7940 mark.  

However, one should be careful and look for a short term patterns. Most likely a short term ascending pattern can be mapped. Meanwhile, take into account that Janet Yellen's speech at 16:00 GMT will influence the US Dollar.

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