Positions | Today | Yesterday | Change |
---|---|---|---|
Longs | 71% | 74% | -3.8% |
Shorts | 29% | 26% | 9.4% |
Indicator | 4H | 1D | 1W |
MACD(12;26;9) | Sell | Sell | Sell |
RSI(14) | Neutral | Neutral | Neutral |
Stochastic(5;3;3) | Neutral | Neutral | Neutral |
Alligator(13;8;5) | Sell | Sell | Neutral |
SAR(0.02;0.2) | Sell | Sell | Sell |
Aggregate | ⇘ | ⇘ | ⇘ |
The Australian Dollar declined by 48 basis points or 0.70% in value against the US Dollar on Thursday. The currency pair breached the 50– and 100– hour SMAs during yesterday's trading session.
The exchange rate is currently trading near a resistance cluster formed by the 50– hour simple moving average and the weekly S1 at 0.6849.
If the resistance cluster holds, the AUD/USD pair will most likely continue to decline in the descending channel pattern within this session.
Although, if the currency exchange rate breaks the resistance line, a surge towards the upper border of the channel pattern could be expected today.