Positions | Today | Yesterday | % Change | |
Longs | 60% | 57% | 5.00% | |
Shorts | 40% | 43% | -7.50% | |
Indicator | 4H | 1D | 1W | |
MACD (12; 26; 9) | Sell | Sell | Sell | |
RSI (14) | Neutral | Neutral | Neutral | |
Stochastic (5; 3; 3) | Neutral | Neutral | Buy | |
Alligator (13; 8; 5) | Neutral | Sell | Sell | |
SAR (0.02; 0.2) | Buy | Sell | Sell | |
Aggregate | ⇒ | ⇘ | ⇘ |
The Australian Dollar appreciated about 64 base points against the US Dollar on Tuesday. The currency pair tested the upper boundary of a medium-term descending channel at 0.7100 during the end of yesterday's session.
Everything being equal, it is likely that the currency exchange rate will maintain its upside momentum within this session.
If this bullish momentum continues? The exchange rate will aim for a re-test of the upper boundary of the descending channel pattern during the following trading session.