Positions | Today | Yesterday | Change |
---|---|---|---|
Longs | 71% | 71% | -0.2% |
Shorts | 29% | 29% | 0.5% |
Indicator | 4H | 1D | 1W |
MACD(12;26;9) | Sell | Sell | Sell |
RSI(14) | Neutral | Neutral | Neutral |
Stochastic(5;3;3) | Buy | Neutral | Neutral |
Alligator(13;8;5) | Sell | Sell | Sell |
SAR(0.02;0.2) | Sell | Buy | Sell |
Aggregate | ⇘ | ⇒ | ⇘ |
The Australian Dollar has been depreciating in a junior descending channel against the US Dollar since October 11. The currency pair depreciated about 42 basis points on Tuesday.
Currently, the AUD/USD exchange rate is trading near the bottom border of the descending channel pattern. From a theoretical point of view, the currency exchange rate might make a brief retracement towards the 200– hour SMA at 0.6755 today.
However, technical indicators demonstrate that a potential breakout through the lower boundary of the channel pattern could occur within the following trading session.