Positions | Today | Yesterday | % Change | |
Longs | 53% | 55% | -3.77% | |
Shorts | 47% | 45% | 4.26% | |
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) | Buy | Buy | Sell | |
Aggregate | ⇗ | ⇗ | ⇘ |
The Australian Dollar edged lower by over 45 base points against the US Dollar on Tuesday. The currency pair breached both the 50– and 100-hour SMAs during yesterday's trading session.
Everything being equal, it is likely that the AUD/USD exchange rate could depreciate in values with this session. The potential downside targets will be near the 200-hour simple moving average at 0.7164.
However, technical indicators flash bullish signals. Therefore the currency exchange rate is likely to reverse from a support level formed by the weekly pivot point at 0.7187.