Positions | Today | Yesterday | % Change | |
Longs | 45% | 54% | -20.00% | |
Shorts | 55% | 46% | 16.36% | |
Indicator | 4H | 1D | 1W | |
MACD (12; 26; 9) | Buy | Sell | Sell | |
RSI (14) | Neutral | Neutral | Neutral | |
Stochastic (5; 3; 3) | Sell | Sell | Sell | |
Alligator (13; 8; 5) | Buy | Neutral | Sell | |
SAR (0.02; 0.2) | Buy | Buy | Sell | |
Aggregate | ⇗ | ⇒ | ⇓ |
Better-than-expected Australian q/q GDP early in the morning resulted in the Aussie surging 38 pips up to the 0.7539 mark. Thus, the pair was stopped neither by the four-week high at 0.7512 nor the two subsequent resistance levels formed by the weekly R2 and the monthly R1 at 0.7535 and 0.7549, respectively. Momentum indicators show strong trend upwards; however, this motion north may soon become unsustainable and, therefore, result in either a move sideways or a test of the 20-day SMA near 0.7530. By and large, it is expected that the closing price for this session might not exceed the 0.7560 level, supported by 100-day SMA on the daily chart. Some minor fundamentals on the US Dollar are scheduled later today; however, it is unlikely that they will introduce significant changes in the pair's direction.