Positions | Today | Yesterday | % Change | |
Longs | 61% | 66% | -8.20% | |
Shorts | 39% | 34% | 12.82% | |
Indicator | 4H | 1D | 1W | |
MACD (12; 26; 9) | Buy | Sell | Sell | |
RSI (14) | Neutral | Neutral | Neutral | |
Stochastic (5; 3; 3) | Neutral | Neutral | Neutral | |
Alligator (13; 8; 5) | Neutral | Sell | Sell | |
SAR (0.02; 0.2) | Buy | Buy | Sell | |
Aggregate | ⇗ | ⇒ | ⇘ |
A full reviewed was made for the AUD/USD currency pair after the previously drawn patterns were broken. The analyst conducted this analysis using the larger time frame to describe the situation in the market.
The Australian Dollar has been losing strength significantly against the US Dollar since the beginning of February. The decline started when the exchange rate made a U-turn from a one-year high level near the 0.81 make on February 2.
Given that the bullish sentiment has started gaining momentum, it is likely that the newly drawn junior ascending channel on the 1H time-frame is likely to hold during the following trading session.