Positions | Today | Yesterday | % Change | |
Longs | 62% | 57% | 8.06% | |
Shorts | 38% | 43% | -13.16% | |
Indicator | 4H | 1D | 1W | |
MACD (12; 26; 9) | Sell | Sell | Buy | |
RSI (14) | Buy | Neutral | Neutral | |
Stochastic (5; 3; 3) | Sell | Sell | Sell | |
Alligator (13; 8; 5) | Sell | Sell | Buy | |
SAR (0.02; 0.2) | Sell | Sell | Buy | |
Aggregate | ⇘ | ⇓ | ⇗ |
The Aussie has been confined by a descending channel against the Greenback since late January. The upper boundary of a junior pattern was reached on March 14 and has since been moving along the channel.
The AUD/USD exchange rate continues trading with low volatility; however, the currency pair has breached the upper boundary of the junior pattern.
Everything being equal, it is expected for the currency exchange rate to remain bearish during the next 24 hours as traders await the US data release schedule for tomorrow.