Positions | Today | Yesterday | % Change | |
Longs | 66% | 58% | 12.12% | |
Shorts | 34% | 42% | -23.53% | |
Indicator | 4H | 1D | 1W | |
MACD (12; 26; 9) | Sell | Sell | Sell | |
RSI (14) | Neutral | Neutral | Neutral | |
Stochastic (5; 3; 3) | Buy | Sell | Sell | |
Alligator (13; 8; 5) | Neutral | Sell | Neutral | |
SAR (0.02; 0.2) | Buy | Sell | Sell | |
Aggregate | ⇒ | ⇓ | ⇘ |
The decline of the Australian Dollar against the US Dollar continues. The currency pair has been trading in several descending channels, the most important of which is a three-month dominant pattern.
During the early hours of Wednesday's trading session, the AUD/USD pair hit the 50.00% Fibonacci retracement level. After reaching the 50.00% Fibo, the rate took a dive south. This retracement can be measured by connecting the low at 0.7644 and the high at 0.7787.
As for near future, the currency exchange rate could continue moving south until it finds the nearest support level at 0.7631.