Positions | Today | Yesterday | % Change | |
Longs | 75% | 73% | 2.67% | |
Shorts | 25% | 27% | -8.00% | |
Indicator | 4H | 1D | 1W | |
MACD (12; 26; 9) | Buy | Buy | Sell | |
RSI (14) | Neutral | Neutral | Neutral | |
Stochastic (5; 3; 3) | Buy | Neutral | Neutral | |
Alligator (13; 8; 5) | Neutral | Buy | Sell | |
SAR (0.02; 0.2) | Sell | Buy | Buy | |
Aggregate | ⇒ | ⇗ | ⇒ |
Contrary to expectations, the AUD/USD currency pair was constrained by bears on Thursday. This strong bearish momentum allowed the exchange rate to breakout through the lower boundary of an ascending channel, and the 55-, 100– and 200– hour SMAs.
It seems that bears could continue to be in play today and might be ready to push the currency exchange rate further south towards two weeks low level near the 0.7529 mark.
If and when this aforementioned scenario occurs, it could encounter strong resistance at 0.75 which is the weekly pivot point.