Positions | Today | Yesterday | % Change | |
Longs | 34% | 36% | -5.88% | |
Shorts | 66% | 64% | 3.03% | |
Indicator | 4H | 1D | 1W | |
MACD (12; 26; 9) | Buy | Buy | Buy | |
RSI (14) | Sell | 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 | ⇒ | ⇒ | ⇗ |
Contrary to expectations, the Aussie accelerated against the US Dollar on Thursday, thus breaching a medium-term channel and confirming the formation of a steeper junior channel up. The rate rose 136 pips within one trading session and halted at the 0.8120 mark.
While testing the monthly R1 at 0.8058, the Aussie indicated a slight exhaustion of bulls; however, the 33-pip hourly surge resulted in a breakout of this level and the weekly R2. Generally, such steep periods of appreciation are followed by a pull-back, as already apparent from the last few declining candles.
The base scenario favours a retracement back to the upper line of the senior channel near 0.8040 where the 55-hour SMA and the bottom boundary of the junior channel are located.