Positions | Today | Yesterday | % Change | |
Longs | 70% | 62% | 11.43% | |
Shorts | 30% | 38% | -26.67% | |
Indicator | 4H | 1D | 1W | |
MACD (12; 26; 9) | Sell | Sell | Sell | |
RSI (14) | Neutral | Neutral | Neutral | |
Stochastic (5; 3; 3) | Neutral | Neutral | Neutral | |
Alligator (13; 8; 5) | Sell | Sell | Sell | |
SAR (0.02; 0.2) | Sell | Buy | Sell | |
Aggregate | ⇘ | ⇒ | ⇘ |
The Australian Dollar remained stable against the US Dollar on Friday, as the currency pair was trading with low volatility. However, the pair ended the session breaching the three SMAs.
By the middle of Monday's session, the AUD/USD exchange rate was stranded between SMAs and the upper boundary of a descending channel. Meanwhile, a new junior downtrend pattern has been spotted as can be seen on the one-hour time frame chart.
Given that a currency exchange rate has moved closer to the up border of both the junior and dominant descending channels, a breakout could be expected during the following trading session.