Positions | Today | Yesterday | % Change | |
Longs | 56% | 57% | -1.79% | |
Shorts | 44% | 43% | 2.27% | |
Indicator | 4H | 1D | 1W | |
MACD (12; 26; 9) | Sell | Sell | Sell | |
RSI (14) | Neutral | Neutral | Neutral | |
Stochastic (5; 3; 3) | Neutral | Buy | Neutral | |
Alligator (13; 8; 5) | Sell | Sell | Sell | |
SAR (0.02; 0.2) | Sell | Sell | Sell | |
Aggregate | ⇘ | ⇘ | ⇘ |
The Australian Dollar tried to breach the 55-hour SMA at 0.7195 yesterday.
Downside momentum has been dominating the AUD/USD exchange pair since Wednesday morning. Bearish momentum is expected to continue within this session, and two potential targets for the pair could be the weekly S1 at 0.7127 and the monthly S1 at 0.7097.
It is the unlikely case that some bullish pressure still prevails in the market, the Australian Dollar should not exceed the 100-hour SMA and the upper boundary of a short-term descending channel near 0.7220.