AUD/USD likely to maintain pattern

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

Positions Today Yesterday % Change
Longs 57% 65% -14.04%
Shorts 43% 35% 18.60%
Indicator 4H 1D 1W
MACD (12; 26; 9) Buy Sell Buy
RSI (14) Neutral Neutral Neutral
Stochastic (5; 3; 3) Sell Sell Sell
Alligator (13; 8; 5) Neutral Sell Buy
SAR (0.02; 0.2) Sell Sell Buy
Aggregate

The Australian Dollar has maintained its gradual move upwards against the US Dollar. However, a new junior channel down has been spotted, as can be observed on the chart.

Following a breakout from the SMAs, the rate could be heading for a test of the upper boundary of the newly formed downtrend pattern.

Regarding the future, the Aussie is likely to rally against the Greenback until it finds the next resistance at 0.78863. However, traders have to be cautious of the aforementioned upper border.

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