AUD/USD Aussie continues to weaken

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

Positions Today Yesterday % Change
Longs 65% 54% 16.92%
Shorts 35% 46% -31.43%
Indicator 4H 1D 1W
MACD (12; 26; 9) Sell Sell Buy
RSI (14) Neutral Neutral Neutral
Stochastic (5; 3; 3) Sell Sell Sell
Alligator (13; 8; 5) Sell Sell Buy
SAR (0.02; 0.2) Buy Sell Buy
Aggregate

It was expected that the Aussie would begin a surge against the Greenback after the pair reached the monthly pivot point and the lower boundary of a medium-scale triangle. However, the surge began later and, by the end of Thursday's trading session, the AUD/USD pair had gained 60 base points.  

The weekly PP proved that it has enough support to force the exchange rate upwards. The surge was stopped by the monthly S1 at 0.7855. 

As for near future, the pair is likely to remain trading inside the medium-scale triangle until a breakout occurs to either direction.

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