Positions | Today | Yesterday | % Change | |
Longs | 57% | 56% | 1.75% | |
Shorts | 43% | 44% | -2.33% | |
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) | Sell | Sell | Sell | |
SAR (0.02; 0.2) | Buy | Sell | Sell | |
Aggregate | ⇘ | ⇘ | ⇘ |
The AUD/USD exchange rate has been driven by a downside risk since July 10. the currency pair was pressured down after hitting the monthly pivot point at 0.6859 and the upper boundary of a descending channel.
As a result, bearish sentiment pushed the currency pair down toward the bottom border of an ascending trend line. However, the rate has bounced off the lower boundary during the end of Friday's trading session.
The currency exchange rate was stranded between SMAs at the time of this analysis. The 100-hour simple moving average was providing resistance, while the 55-hour SMA was providing support for the rate. Nevertheless, a breakout is likely to occur within this session.