Positions | Today | Yesterday | % Change | |
Longs | 37% | 38% | -2.70% | |
Shorts | 63% | 62% | 1.59% | |
Indicator | 4H | 1D | 1W | |
MACD (12; 26; 9) | Sell | Buy | Buy | |
RSI (14) | Neutral | Neutral | Neutral | |
Stochastic (5; 3; 3) | Buy | Sell | Buy | |
Alligator (13; 8; 5) | Sell | Buy | Buy | |
SAR (0.02; 0.2) | Sell | Buy | Buy | |
Aggregate | ⇘ | ⇗ | ⇑ |
The Aussie has fallen against the US Dollar even lower than it was expected by the Dukascopy Analysts. During the middle of Thursday's trading session the currency exchange rate reached the lower support of a medium scale ascending channel pattern.
There are tow possibilities. Either a passing of the support or a rebound. In accordance with the large scale situation, the pair is set to pass the support. The reason for that is the fact that a few sessions ago the Aussie bounced off a dominant resistance level against the US Dollar.
In that case the pair might fall to the next support, which is located at 0.7830 mark.