Positions | Today | Yesterday | % Change | |
Longs | 38% | 36% | 5.26% | |
Shorts | 62% | 64% | -3.23% | |
Indicator | 4H | 1D | 1W | |
MACD (12; 26; 9) | Buy | Buy | Buy | |
RSI (14) | Neutral | Neutral | Neutral | |
Stochastic (5; 3; 3) | Sell | Sell | Neutral | |
Alligator (13; 8; 5) | Buy | Buy | Buy | |
SAR (0.02; 0.2) | Buy | Buy | Buy | |
Aggregate | ⇗ | ⇗ | ⇗ |
During the last 24-hours, AUD/USD managed to test the upper channel boundary on two occasions and thus reach a new peak in the process. The Aussie dropped in value against the Greenback in the first half of today's session—a move which was followed by a massive selling of the pair due to solid US fundamentals.
The nearest support is provided by the 200-hour SMA and the weekly PP near the 0.7920 mark. In case of a reversal, the rate is likely to push until the weekly R1 at 0.7972.
However, better-than-expected US data may determine the pair's direction for the remaining session and push the pair even lower down to the 0.7910/00 area.