Positions | Today | Yesterday | % Change | |
Longs | 65% | 63% | 3.08% | |
Shorts | 35% | 37% | -5.71% | |
Indicator | 4H | 1D | 1W | |
MACD (12; 26; 9) | Buy | Sell | Sell | |
RSI (14) | Neutral | Neutral | Buy | |
Stochastic (5; 3; 3) | Sell | Neutral | Buy | |
Alligator (13; 8; 5) | Buy | Sell | Sell | |
SAR (0.02; 0.2) | Buy | Sell | Sell | |
Aggregate | ⇗ | ⇘ | ⇒ |
The Australian Dollar versus the US Dollar has declined massively since the end of August. The currency pair pulls back from the upper boundary of a junior descending channel on August 29 and followed by a period of decline.
Given that the exchange rate is trading near the upper boundary of the junior descending channel, a breakout could occur within this session. Moreover, the US CPI and Core CPI macroeconomic data releases scheduled at 12:30 GMT could influence the movement of the pair to either direction today.
However, given the three moving averages have fallen below the price, upside risk potential is still apparent in regards to this currency pair.