Positions | Today | Yesterday | % Change | |
Longs | 63% | 66% | -4.76% | |
Shorts | 37% | 34% | 8.11% | |
Indicator | 4H | 1D | 1W | |
MACD (12; 26; 9) | Buy | Sell | Sell | |
RSI (14) | Sell | 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 | ⇒ | ⇒ | ⇓ |
As it was expected the AUD/USD pair surged eventually up to the 0.7690 level, where it was met by one of the weekly resistance levels.
However, that level is also serving as a reference point for a larger scale channel up pattern, which is one of the two freshly drawn patterns. One more discovered pattern is the medium term channel up pattern, who has reached the upper trend line of the previously mentioned dominant pattern.
Due to the fact that the pair has reached and bounced off notable resistance, it can be expected that the rate will decline down to the medium term channel's support. However, the 55-hour SMA is likely going to provide hinder the decline.