Positions | Today | Yesterday | % Change | |
Longs | 39% | 40% | -2.56% | |
Shorts | 61% | 60% | 1.64% | |
Indicator | 4H | 1D | 1W | |
MACD (12; 26; 9) | Sell | Sell | Buy | |
RSI (14) | Neutral | Neutral | Neutral | |
Stochastic (5; 3; 3) | Sell | Buy | Sell | |
Alligator (13; 8; 5) | Sell | Sell | Buy | |
SAR (0.02; 0.2) | Sell | Buy | Sell | |
Aggregate | ⇓ | ⇒ | ⇒ |
The Friday's trading session was dominated by bears, as the rate fell around 68 pips during the given time period. The failure to move past the 55– and 100-hour SMAs circa 0.7855 was followed by a breakout of the ascending channel and the 200-hour SMA.
The Aussie was located between the weekly PP and S1 mid-Monday. The rate could remain in this range, given that no fundamental events shake the market until mid-Tuesday. In addition, it is unlikely that the pair gains strength and surpasses the significant resistance area located nearby.
By and large, the Aussie is currently trading in a medium-term ascending channel with its lower boundary standing near the weekly S1 circa 0.7780. It is possible that the pair tries to approach this area during the following trading days.