Positions | Today | Yesterday | % Change | |
Longs | 57% | 56% | 1.75% | |
Shorts | 43% | 44% | -2.33% | |
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 | Sell | |
SAR (0.02; 0.2) | Sell | Sell | Sell | |
Aggregate | ⇘ | ⇘ | ⇘ |
Bulls guided the Australian Dollar towards the upper boundary of a descending channel against the US Dollar. However, the 55-hour SMA pushed the rate downwards.
Bears began to gain momentum during the morning hours of Tuesday's session, and the potential target for the currency exchange rate could be the weekly S1 at the 0.7127 mark.
It is the unlikely case that some bullish pressure still prevails in the market, the Australian Dollar should not exceed the weekly PP and the 100-hour SMA at 0.7275.