AUD/USD encounters resistance

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

Positions Today Yesterday % Change
Longs 53% 54% -1.89%
Shorts 47% 46% 2.13%
Indicator 4H 1D 1W
MACD (12; 26; 9) Buy Buy Sell
RSI (14) Sell Neutral Neutral
Stochastic (5; 3; 3) Sell Sell Sell
Alligator (13; 8; 5) Buy Buy Sell
SAR (0.02; 0.2) Buy Buy Sell
Aggregate

After the breaking of a dominant resistance level the AUD/USD pair stopped the surge on Tuesday. The reason for that is the weekly resistance, which is located at the 0.7725 mark. 

After encountering the resistance the pair began a decline, which had stopped by the middle of the day. It was stopped by the support provided by the trend line, which previously acted as a resistance. Moreover, the 55-hour SMA had approached and began to give more strength to the trend line.

It is expected that the pair will resume the surge soon and head for the 0.7725 mark.

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