Positions | Today | Yesterday | % Change | |
Longs | 58% | 71% | -22.41% | |
Shorts | 42% | 29% | 30.95% | |
Indicator | 4H | 1D | 1W | |
MACD (12; 26; 9) | Sell | Sell | Sell | |
RSI (14) | Neutral | Neutral | Neutral | |
Stochastic (5; 3; 3) | Sell | Neutral | Neutral | |
Alligator (13; 8; 5) | Neutral | Sell | Sell | |
SAR (0.02; 0.2) | Buy | Sell | Buy | |
Aggregate | ⇒ | ⇘ | ⇒ |
Upside risks prevailed in the market on Tuesday, thus sending the Australian Dollar to surged about 65 base points against the US Dollar. This rally was stopped by the 200-hour SMA.
The currency pair breached a support cluster formed by the weekly and the monthly PPs at 0.7115 during the first half of Wednesday's trading session. Presently, the pair is trading near a support level formed by the 50– and 100– hour SMAs at 0.7085.
If this support line as mentioned above holds, the AUD/USD currency exchange rate could make a U-turn north and aim at the 200-hour simple moving average at 0.7133 during the following trading session.