Positions | Today | Yesterday | % Change | |
Longs | 28% | 28% | 0.00% | |
Shorts | 72% | 72% | 0.00% | |
Indicator | 4H | 1D | 1W | |
MACD (12; 26; 9) | Buy | Buy | Buy | |
RSI (14) | Neutral | Sell | Neutral | |
Stochastic (5; 3; 3) | Sell | Sell | Sell | |
Alligator (13; 8; 5) | Buy | Buy | Buy | |
SAR (0.02; 0.2) | Sell | Buy | Buy | |
Aggregate | ⇒ | ⇒ | ⇗ |
In line with expectations, yesterday the currency exchange rate resumed a steady movement to towards the weekly R2 at 0.7998. The proof of this is that it has successfully bypassed a combined resistance level formed by the 20- and 55-hour SMAs. However, a speech delivered by the RBA Assistant Governor Guy Debelle prevented the pair from going further, forced it to make a u-turn and slip by 79 basis points right though the 20-, 55-, 100- SMAs and the weekly R1 at 0.7916. Fortunately for the Aussie, it managed to find a support at the 0.7880 level and make a reversal. Thus, it got in a limbo between the 20- and 55-hour SMAs from the top and the weekly R1 and the 100-hour SMA from the bottom. Most probably, it will not go beyond these borders until Monday.