AUD/USD squeezed in surge

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

Positions Today Yesterday % Change
Longs 43% 43% 0.00%
Shorts 57% 57% 0.00%
Indicator 4H 1D 1W
MACD (12; 26; 9) Buy Buy Buy
RSI (14) Neutral 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 has traded with increased volatility against the US Dollar since the last review. The reason was the pair's bouncing between two competing levels of significance.

Namely the pair bounced between the support of a medium term ascending channel and the resistance of the dominant channel up pattern. Due to that reason in a longer term the pair might continue to be squeezed in between these two levels until the two trend lines meet and a break out occur. 

However, in regards to the near future, the pair is likely going to find support in the 0.7960 mark and begin a short term surge up to the 0.80 level.

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