Positions | Today | Yesterday | % Change | |
Longs | 70% | 69% | 1.43% | |
Shorts | 30% | 31% | -3.33% | |
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 | Buy | |
Aggregate | ⇘ | ⇘ | ⇒ |
Downside sentiment dominated the Australian Dollar versus the US Dollar on Tuesday. The currency pair plunged about 70 base points during the end of yesterday's trading session.
Currently, the exchange rate is located near the bottom border of a two-week descending channel at 0.7158 and is expected to breach the channel within the next hours.
If the currency exchange rate passes the support level formed by the lower boundary of the two weeks descending channel, the next for the pair will be near the monthly S2 at 0.7136.
A potential reversal from the monthly S2 is likely to occur thereafter.