Positions | Today | Yesterday | % Change | |
Longs | 68% | 64% | 5.88% | |
Shorts | 32% | 36% | -12.50% | |
Indicator | 4H | 1D | 1W | |
MACD (12; 26; 9) | Buy | Sell | Sell | |
RSI (14) | Neutral | Neutral | Buy | |
Stochastic (5; 3; 3) | Neutral | Neutral | Buy | |
Alligator (13; 8; 5) | Buy | Sell | Sell | |
SAR (0.02; 0.2) | Buy | Sell | Sell | |
Aggregate | ⇗ | ⇘ | ⇒ |
The AUD/USD currency pair managed to regain some ground following a reversal from the medium-term and the weekly pivot point at 0.7156.
Presently, the Australian Dollar versus the US Dollar is moving towards the weekly resistance level at 0.7228.
Two scenarios are likely to happen within this session. Firstly, if the resistance line above holds, the exchange rate could make brief retracement south.
Second, if the price breach the resistance level, bullish traders is likely to push the currency exchange rate higher towards the upper boundary of the medium-term ascending channel at 0.7275.