Positions | Today | Yesterday | % Change | |
Longs | 34% | 34% | 0.00% | |
Shorts | 66% | 66% | 0.00% | |
Indicator | 4H | 1D | 1W | |
MACD (12; 26; 9) | Buy | Buy | Buy | |
RSI (14) | Neutral | Sell | Neutral | |
Stochastic (5; 3; 3) | Sell | Sell | Sell | |
Alligator (13; 8; 5) | Buy | Buy | Buy | |
SAR (0.02; 0.2) | Buy | Buy | Buy | |
Aggregate | ⇗ | ⇒ | ⇗ |
As expected, the Aussie continued its surge against the US dollar just as every other major currency. By the end of Wednesday's trading session, the pair had breached and moved past the dominant channel to the upside.
A new junior channel has been mapped to monitor the market movement since the previously drawn pattern has been broken by the strength of the Aussie.
In regards to the future, the bulls are likely to continue the push upwards until it finds resistance at 0.814 level.