Positions | Today | Yesterday | % Change | |
Longs | 70% | 61% | 12.86% | |
Shorts | 30% | 39% | -30.00% | |
Indicator | 4H | 1D | 1W | |
MACD (12; 26; 9) | Sell | Sell | Sell | |
RSI (14) | Buy | Buy | Neutral | |
Stochastic (5; 3; 3) | Buy | Buy | Neutral | |
Alligator (13; 8; 5) | Sell | Sell | Sell | |
SAR (0.02; 0.2) | Sell | Sell | Buy | |
Aggregate | ⇒ | ⇒ | ` |
The AUD/USD currency pair has been driven by downside risks since June 13. The exchange rate was pressured south after hitting the upper boundary of a descending channel.
As a result, bears pushed the exchange rate down towards the bottom border of the aforementioned pattern. Also, a breakout could occur through the lower boundary of the channel down during the following trading session.
It is likely that the Australian Dollar tries to make U-turn north within the next session; however, the strength of the Greenback against other major currencies might not allow such move to take place today.