Positions | Today | Yesterday | % Change | |
Longs | 69% | 70% | -1.45% | |
Shorts | 31% | 30% | 3.23% | |
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 | Neutral | Sell | |
SAR (0.02; 0.2) | Sell | Buy | Buy | |
Aggregate | ⇘ | ⇒ | ⇒ |
The Australian Dollar has depreciated about 70 base points against the US Dollar since Monday's session. The currency pair breached the lower boundary of a one-week descending channel at 0.7183 during the first part of today's session.
Given that the AUD/USD currency pair has broken the one-week descending channel, the exchange rate will continue its bearish sentiment within this session and aim at a support level formed by the monthly S2 at 0.7136.
From a technical point of view, the currency exchange rate could reverse from that support level and aim for the resistance level formed by the upper boundary of a descending channel pattern at 0.7183.