AUD/USD begins consolidation

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

Positions Today Yesterday % Change
Longs 45% 53% -17.78%
Shorts 55% 47% 14.55%
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

The Australian Dollar on Monday stopped the surge against the US Dollar, as the pair encountered medium term ascending channel pattern's resistance line. Moreover, the resistance was strengthened by the weekly R1 at the 0.7960 level.

Due to that reason it is expected that the most junior channel up pattern will soon be broken, and a new junior pattern will be formed. The expected to be pattern is most likely going to guide the pair almost horizontally. 

The basis for such hypothesis are the signals given by the aggregate technical indicator and the fact that after such a sharp surge, which happened after January 12, a period of consolidation should occur.

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