Positions | Today | Yesterday | % Change | |
Longs | 59% | 56% | 5.08% | |
Shorts | 41% | 44% | -7.32% | |
Indicator | 4H | 1D | 1W | |
MACD (12; 26; 9) | Buy | Buy | Sell | |
RSI (14) | Neutral | Neutral | Neutral | |
Stochastic (5; 3; 3) | Buy | Neutral | Neutral | |
Alligator (13; 8; 5) | Neutral | Buy | Sell | |
SAR (0.02; 0.2) | Sell | Buy | Buy | |
Aggregate | ⇒ | ⇗ | ⇒ |
The Australian Dollar depreciated about 55 base points against the US Dollar on Friday. The currency pair was pressured south by the 50-hour simple moving average and the 100-hour SMA.
Currently, the exchange rate is trading near the lower boundary of an ascending trendline at 0.7195 and could be set for a breakout.
If this breakout occurs, the currency exchange rate will aim at a support cluster formed by the combination of the weekly and the monthly pivot points near the 0.7118 area.
However, technical indicators flash buy signals on the daily time-frame. Therefore, a possible reversal from the present price level is likely within this session.