Positions | Today | Yesterday | % Change | |
Longs | 52% | 44% | 15.38% | |
Shorts | 48% | 56% | -16.67% | |
Indicator | 4H | 1D | 1W | |
MACD (12; 26; 9) | Sell | Buy | Buy | |
RSI (14) | Buy | Neutral | Sell | |
Stochastic (5; 3; 3) | Sell | Neutral | Sell | |
Alligator (13; 8; 5) | Sell | Buy | Buy | |
SAR (0.02; 0.2) | Sell | Sell | Buy | |
Aggregate | ⇘ | ⇒ | ⇒ |
The Australian Dollar continues to depreciate against the US Dollar. By the end of Monday's trading session, the pair formed a new low at 0.7836.
The currency exchange rate continues its bearish path, and it is moving smoothly in a descending channel. Technical indicators suggest another decline towards the weekly pivot point near the 0.7788 mark.
During the following trading sessions, the AUD/USD pair is likely to continue its decline until it finds support at the 0.7788 mark. Given that the descending channel narrows, a breakout either to south or north could be expected.