Positions | Today | Yesterday | % Change | |
Longs | 63% | 64% | -1.59% | |
Shorts | 37% | 36% | 2.70% | |
Indicator | 4H | 1D | 1W | |
MACD (12; 26; 9) | Sell | Sell | Buy | |
RSI (14) | Neutral | Neutral | Neutral | |
Stochastic (5; 3; 3) | Sell | Sell | Neutral | |
Alligator (13; 8; 5) | Sell | Sell | Neutral | |
SAR (0.02; 0.2) | Sell | Sell | Sell | |
Aggregate | ⇓ | ⇓ | ⇒ |
AUD/USD was stranded between the 55-hour SMA and the weekly S1 on Tuesday.
The latter, however, surrendered under the bearish pressure at 0030GMT when the Australian Bureau of Statistics reported a wage increase of only 0.5%, compared to the forecast of 0.7%. This caused an immediate bear reaction of 23 pips within the first minute and a 43-pip hourly fall. The bottom boundary of the junior channel was breached along the way, thus requiring a slight adjustment of the given line.
Meanwhile, the aforementioned plunge was stopped by the weekly S2 at 0.7585 which has already sent the Aussie for a minor recovery.
Sluggish US fundamentals released mid-session likewise contributed to this upside movement. It is likely that the pair reverses from 0.7620/30 area and pushed back down to 0.7580.