Positions | Today | Yesterday | % Change | |
Longs | 49% | 50% | -2.04% | |
Shorts | 51% | 50% | 1.96% | |
Indicator | 4H | 1D | 1W | |
MACD (12; 26; 9) | Buy | Buy | Sell | |
RSI (14) | Neutral | Neutral | Neutral | |
Stochastic (5; 3; 3) | Buy | Neutral | Sell | |
Alligator (13; 8; 5) | Neutral | Buy | Sell | |
SAR (0.02; 0.2) | Sell | Buy | Buy | |
Aggregate | ⇒ | ⇗ | ⇘ |
Downside risks dominated the Australian Dollar against the US Dollar on Tuesday. The currency pair breached both the 50– and the 100-hour SMAs at 0.7360 and 0.7338 during the end of Tuesday's session.
The exchange rate was pressured by bearish sentiment during the Asian session on Wednesday. As a result, a breakout through the lower boundary of a one-week ascending channel occurred.
Given that a breakout had occurred, it is likely that bearish traders could push the currency exchange rate further south, towards the lower boundary of a medium-term ascending channel pattern at 0.7244.