Positions | Today | Yesterday | % Change | |
Longs | 49% | 54% | -10.20% | |
Shorts | 51% | 46% | 9.80% | |
Indicator | 4H | 1D | 1W | |
MACD (12; 26; 9) | Sell | Sell | Sell | |
RSI (14) | Neutral | Neutral | Neutral | |
Stochastic (5; 3; 3) | Buy | Neutral | Neutral | |
Alligator (13; 8; 5) | Sell | Sell | Sell | |
SAR (0.02; 0.2) | Sell | Buy | Sell | |
Aggregate | ⇘ | ⇒ | ⇘ |
Downside risks prevailed in the market on Tuesday and thus sent the Australian Dollar to plummet 62 pips or 0.83% against the US Dollar. This allowed the currency pair to breached the 55-,100-, and 200-hour SMAs.
The decline of the AUD/USD exchange rate continued on Wednesday and sent the pair to dashed through the lower boundary of an ascending trendline and the weekly S1 at 0.7362.
As for the near future, the currency exchange rate might make a correction movement north during the following trading session.