Positions | Today | Yesterday | % Change | |
Longs | 50% | 53% | -6.00% | |
Shorts | 50% | 47% | 6.00% | |
Indicator | 4H | 1D | 1W | |
MACD (12; 26; 9) | Buy | Buy | Sell | |
RSI (14) | Neutral | Neutral | Neutral | |
Stochastic (5; 3; 3) | Neutral | Neutral | Sell | |
Alligator (13; 8; 5) | Buy | Buy | Sell | |
SAR (0.02; 0.2) | Buy | Buy | Buy | |
Aggregate | ⇗ | ⇗ | ⇘ |
A one-week ascending channel pattern guided the Australian Dollar versus the US Dollar on Monday.
Technical indicators flash bullish signals today. It is likely that the channel pattern will continue to drive the currency pair higher within this session. Moreover, the exchange rate dashed through a traditional weekly resistance level at 0.7373 during the morning hours of today's session.
Everything being equal, it is expected that bullish traders could push the AUD/USD currency exchange rate towards the upper boundary of the one-week ascending channel pattern at 0.7417.