Positions | Today | Yesterday | % Change | |
Longs | 41% | 40% | 2.44% | |
Shorts | 59% | 60% | -1.69% | |
Indicator | 4H | 1D | 1W | |
MACD (12; 26; 9) | Sell | Buy | Buy | |
RSI (14) | Neutral | Neutral | Neutral | |
Stochastic (5; 3; 3) | Sell | Sell | Sell | |
Alligator (13; 8; 5) | Sell | Neutral | Buy | |
SAR (0.02; 0.2) | Sell | Sell | Buy | |
Aggregate | ⇓ | ⇒ | ⇗ |
In line with expectations, the Greenback failed to pull the pair below the 0.7813 level. After reaching this minimum point, the currency rate started to move in the opposite direction. At the moment, it is easy to note that both 55- and 100-hour SMAs cannot suppress the surge of the Aussie. A summary of multiple technical indicators supports the further soar of the currency rate via sending clear buy signal for the upcoming hour.
However, afterwards, it projects a sharp decline, which is, most probably, associated with a combination of the 200-hour SMA and the weekly PP at 0.7895. Taking into account that the pair has already failed once to bypass this resistance level, suggests that the second rebound is a valid scenario. Moreover, such outcome would be in line with the general downtrend.