Positions | Today | Yesterday | Change |
---|---|---|---|
Longs | 54% | 52% | 3.6% |
Shorts | 46% | 48% | -4.2% |
Indicator | 4H | 1D | 1W |
MACD(12;26;9) | Sell | Buy | Sell |
RSI(14) | Neutral | Neutral | Neutral |
Stochastic(5;3;3) | Neutral | Neutral | Neutral |
Alligator(13;8;5) | Sell | Buy | Sell |
SAR(0.02;0.2) | Buy | Buy | Sell |
Aggregate | ⇒ | ⇗ | ⇘ |
The Australian Dollar has edged lower about 1.06% in value against the US Dollar since Wednesday's trading session. A breakout occurred through the lower boundary of a junior descending channel pattern at 0.6785 during the Asian trading session on Thursday.
Everything being equal, the AUD/USD currency pair will most likely continue its southern movement today. The potential target for bearish traders would be near a support cluster formed by the monthly PP and the weekly S3 at 0.6759.
Although, the currency exchange rate might make a U-turn from the currency pair level at 0.6795 and aim for a resistance level at 0.6812 within the following trading session.