Positions | Today | Yesterday | % Change | |
Longs | 51% | 56% | -9.80% | |
Shorts | 49% | 44% | 10.20% | |
Indicator | 4H | 1D | 1W | |
MACD (12; 26; 9) | Sell | Buy | Sell | |
RSI (14) | Neutral | Neutral | Neutral | |
Stochastic (5; 3; 3) | Neutral | Neutral | Neutral | |
Alligator (13; 8; 5) | Sell | Buy | Sell | |
SAR (0.02; 0.2) | Sell | Sell | Buy | |
Aggregate | ⇘ | ⇒ | ⇒ |
The Australian Dollar depreciated about 95 base points against the US Dollar on Tuesday. The currency pair was pressured south by the 50-hour simple moving average during yesterday's session.
The exchange rate was near a resistance level formed by the 200-hour SMA at 0.7248 during the European session on Wednesday.
If this resistance level holds, a breakout through the lower boundary of an ascending channel could be expected today.
However, if the currency exchange rate passes the resistance level, the pair could target a cluster formed by the weekly PP and the combination of the 50– and 100-hour SMAs at 0.7278 today.