Positions | Today | Yesterday | % Change | |
Longs | 56% | 53% | 5.36% | |
Shorts | 44% | 47% | -6.82% | |
Indicator | 4H | 1D | 1W | |
MACD (12; 26; 9) | Buy | Buy | Sell | |
RSI (14) | Neutral | Neutral | Neutral | |
Stochastic (5; 3; 3) | Neutral | Neutral | Neutral | |
Alligator (13; 8; 5) | Buy | Buy | Sell | |
SAR (0.02; 0.2) | Sell | Buy | Buy | |
Aggregate | ⇒ | ⇗ | ⇒ |
The Australian Dollar depreciated about 59 base points against the US Dollar on Monday. The decline was temporary stopped by the weekly PP at 0.7279 during the end of Yesterday's session.
However, Tuesday's trading session begins with a bearish momentum and by the middle of the day, the exchange rate has moved closer to the lower boundary of an ascending channel at 0.7253.
Everything being equal, it is likely that the AUD/USD currency exchange rate continues its downward momentum within this session and potentially target the weekly S1 at 0.7220.