Positions | Today | Yesterday | % Change | |
Longs | 60% | 61% | -1.67% | |
Shorts | 40% | 39% | 2.50% | |
Indicator | 4H | 1D | 1W | |
MACD (12; 26; 9) | Buy | Sell | Buy | |
RSI (14) | Neutral | Neutral | Neutral | |
Stochastic (5; 3; 3) | Sell | Sell | Neutral | |
Alligator (13; 8; 5) | Buy | Sell | Neutral | |
SAR (0.02; 0.2) | Buy | Sell | Sell | |
Aggregate | ⇗ | ⇓ | ⇒ |
AUD/USD has demonstrated high volatility during the past two sessions. Nevertheless, the pair has failed to leave the 200-, 100– and 55-hour SMAs and the weekly PP.
After pushing through this resistance cluster mid-Thursday, it was expected that the Aussie could finally accelerate towards the upper channel boundaries of both junior and senior channel circa 0.7720. However, the bullish sentiment lost its strength near 0.77 and thus pushed the rate back below the aforementioned SMAs.
It is likely that the Aussie tries to repeat this scenario and pushes for the senior channel during Monday and remains in that region until mid-Monday.
Conversely, a continuous depreciation could guide the pair towards 0.7640. The next support is the distant weekly S1 at 0.7617.