Positions | Today | Yesterday | % Change | |
Longs | 56% | 57% | -1.79% | |
Shorts | 44% | 43% | 2.27% | |
Indicator | 4H | 1D | 1W | |
MACD (12; 26; 9) | Sell | Sell | Sell | |
RSI (14) | Buy | Buy | Neutral | |
Stochastic (5; 3; 3) | Neutral | Buy | Neutral | |
Alligator (13; 8; 5) | Sell | Sell | Sell | |
SAR (0.02; 0.2) | Sell | Sell | Sell | |
Aggregate | ⇘ | ⇒ | ⇘ |
Downside risks dominated the AUD/USD currency pair on Friday, thus allowing the Australian Dollar to lose 1.12% of its values against the US Dollar. However, the lower boundary of a junior descending channel stopped the decline.
Bulls began to gain momentum during the morning hours of Monday's session, and the potential target for the currency exchange rate could be a resistance cluster formed by the 50-hour simple moving average and the weekly pivot point near the 0.7244 regions.
If and when the resistance cluster mentioned above holds, a brief retracement down might be a possibility during the following trading session.