Positions | Today | Yesterday | % Change | |
Longs | 61% | 50% | 18.03% | |
Shorts | 39% | 50% | -28.21% | |
Indicator | 4H | 1D | 1W | |
MACD (12; 26; 9) | Buy | Buy | Sell | |
RSI (14) | Neutral | Neutral | Neutral | |
Stochastic (5; 3; 3) | Neutral | Neutral | Sell | |
Alligator (13; 8; 5) | Buy | Buy | Sell | |
SAR (0.02; 0.2) | Sell | Sell | Sell | |
Aggregate | ⇒ | ⇒ | ⇓ |
The Australian Dollar depreciated about 63 base points against the US Dollar on Monday. The currency pair tested a support cluster formed by the combination of the weekly and the monthly pivot points at 0.7152 as predicted.
Technical indicators flash strong sell signals on the weekly time-frame chart. However, it is likely that bullish traders push the currency exchange rate towards a swing high of 0.7200 within this session.
If the support cluster as mentioned earlier continues to hold today, a breakout through the upper boundary of an ascending channel pattern is likely to occur in the nearest future.