Positions | Today | Yesterday | % Change | |
Longs | 49% | 45% | 8.16% | |
Shorts | 51% | 55% | -7.84% | |
Indicator | 4H | 1D | 1W | |
MACD (12; 26; 9) | Buy | Sell | Sell | |
RSI (14) | Neutral | Neutral | Neutral | |
Stochastic (5; 3; 3) | Neutral | Neutral | Neutral | |
Alligator (13; 8; 5) | Buy | Sell | Sell | |
SAR (0.02; 0.2) | Sell | Buy | Sell | |
Aggregate | ⇒ | ⇒ | ⇘ |
Downside risks pushed the AUD/USD pair lower on Wednesday even though technical sentiment were flashing a bullish signal; the rate fell below the 55-, 100-, and 200-hour SMAs during the end of the session.
Given that a breakout had occurred through the lower boundary of an ascending channel, the currency pair could be set for a decline in the short-term. However, the price has been consolidating during the first part of Thursday's session.
Everything being equal, it is likely that the currency exchange rate pushes lower towards a support cluster formed by the combination of the weekly and the monthly PPs at 0.7240 during the following trading session.