Positions | Today | Yesterday | % Change | |
Longs | 57% | 72% | -26.32% | |
Shorts | 43% | 28% | 34.88% | |
Indicator | 4H | 1D | 1W | |
MACD (12; 26; 9) | Sell | Sell | Sell | |
RSI (14) | Neutral | Neutral | Neutral | |
Stochastic (5; 3; 3) | Neutral | Neutral | Buy | |
Alligator (13; 8; 5) | Sell | Sell | Sell | |
SAR (0.02; 0.2) | Buy | Sell | Sell | |
Aggregate | ⇒ | ⇘ | ⇘ |
Even though downside risks prevailed in the market yesterday and sent the AUD/USD currency crashing more than 90 base points, bulls managed to take control of the pair by Tuesday's morning thus sending Australian Dollar to gained 1.18% of it lost points against the US Dollar.
The surge for this exchange rate continued during the European session on Tuesday, as a result, the pair breached the 55-,100-, 200– hour SMAs and the weekly pivot point.
Everything being equal, the currency exchange rate is likely to target the upper boundary of a junior descending channel during the following trading session.