Positions | Today | Yesterday | % Change | |
Longs | 74% | 74% | 0.00% | |
Shorts | 26% | 26% | 0.00% | |
Indicator | 4H | 1D | 1W | |
MACD (12; 26; 9) | Buy | Sell | Sell | |
RSI (14) | Neutral | Neutral | Neutral | |
Stochastic (5; 3; 3) | Neutral | Neutral | Neutral | |
Alligator (13; 8; 5) | Buy | Neutral | Sell | |
SAR (0.02; 0.2) | Sell | Buy | Sell | |
Aggregate | ⇒ | ⇒ | ⇘ |
On Wednesday, following the sudden short term surge of the Australian Dollar against the US Dollar during the first half of the day's trading session, a larger look was taken at the pair.
It was discovered that there exists a medium scale channel up pattern, whose lower trend line managed to stop the decline of the pair. Moreover, its resistance line was the reason for the decline, which occurred during the last 24 hours.
In regards to the near term future, it was expected on Wednesday that the currency exchange rate will be propelled higher by the 100 and 200– hour SMAs until it reaches a resistance cluster near the 0.7570 mark.