Positions | Today | Yesterday | % Change | |
Longs | 57% | 64% | -12.28% | |
Shorts | 43% | 36% | 16.28% | |
Indicator | 4H | 1D | 1W | |
MACD (12; 26; 9) | Sell | Sell | Buy | |
RSI (14) | Buy | Neutral | Neutral | |
Stochastic (5; 3; 3) | Neutral | Sell | Sell | |
Alligator (13; 8; 5) | Sell | Sell | Buy | |
SAR (0.02; 0.2) | Sell | Sell | Buy | |
Aggregate | ⇘ | ⇓ | ⇗ |
The Australian Dollar continues its bearish path against the US Dollar, the currency pair is slowing moving in a descending junior channel.
By the middle of European trading session on Monday, the exchange rate has moved closer to the border of the junior pattern where a support cluster is located.
Everything being equal, a breakout could be expected through the bottom of the pattern during the next 24 hours. If and when this breakout occurs, it is likely to encounter the aforementioned cluster set by the monthly S1 and the weekly S1 near 0.7699 area. Meanwhile, technical indicators favour further decline for the AUD/USD Pair.