Positions | Today | Yesterday | Change |
---|---|---|---|
Longs | 73% | 73% | 0.7% |
Shorts | 27% | 27% | -2.0% |
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) | Buy | Buy | Buy |
Aggregate | ⇗ | ⇒ | ⇒ |
After hitting a resistance level formed by the weekly R1 at 0.7116, the Australian Dollar began to depreciate. The Aussie lost about 0.43% of its values against its US counterpart.
The exchange rate is currently testing a support line formed by the 50-hour simple moving average at 0.7096. If the support level holds, the currency exchange rate will continue its upside journey during the following trading session.
However, if the AUD/USD exchange rate passes the 50-hour SMA, bearish traders could push the pair towards the weekly PP at 0.7071.