Positions | Today | Yesterday | Change |
Longs | 66% | 68% | -3.0% |
Shorts | 34% | 32% | 5.9% |
Indicator | 4H | 1D | 1W |
MACD(12;26;9) | Sell | Sell | Sell |
RSI(14) | Neutral | Neutral | Neutral |
Stochastic(5;3;3) | Sell | Neutral | Neutral |
Alligator(13;8;5) | Neutral | Sell | Sell |
SAR(0.02;0.2) | Buy | Sell | Buy |
Aggregate | ⇒ | ⇘ | ⇒ |
The Australian Dollar appreciated about 44 base points against the US Dollar on Tuesday. The currency pair breached both the 50– and 100-hour SMAs during yesterday's session.
Wednesday's trading session began with an upside movement. And by the middle of the day, the AUD/USD exchange rate has dashed through the monthly pivot point at 0.7105.
Everything being equal, it is likely that the currency exchange rate will edge higher towards the 200-hour simple moving average at 0.7149 today.
Although, a resistance level formed by the weekly PP at 0.7139 could hinder such movement.