Positions | Today | Yesterday | % Change | |
Longs | 39% | 41% | -5.13% | |
Shorts | 61% | 59% | 3.28% | |
Indicator | 4H | 1D | 1W | |
MACD (12; 26; 9) | Buy | Sell | Buy | |
RSI (14) | Neutral | Neutral | Neutral | |
Stochastic (5; 3; 3) | Neutral | Sell | Sell | |
Alligator (13; 8; 5) | Buy | Sell | Buy | |
SAR (0.02; 0.2) | Sell | Buy | Sell | |
Aggregate | ⇒ | ⇘ | ⇒ |
The Aussie was driven by downside risks on Monday which were guiding AUD/USD towards the weekly PP at 0.7844. This resulted in a 40-pip intraday fall of the rate's value.
The given bearish sentiment allayed on Tuesday, as the rate failed to accumulate strength and push through the narrow range of the 55– and 100-hour SMAs; this area, however should not hold for long.
Technical indicators suggest that bulls might prevail, thus leading the Aussie towards the 38.2% Fibonacci retracement once again.
Conversely, the 55-hour SMA has previously worked effectively at restricting the pair; thus, a breakout south should not be discarded. The downside target could be either the 200-hour SMA or the weekly S1 at 0.7800 and 0.7790, respectively.