Positions | Today | Yesterday | % Change | |
Longs | 66% | 62% | 6.06% | |
Shorts | 34% | 38% | -11.76% | |
Indicator | 4H | 1D | 1W | |
MACD (12; 26; 9) | Sell | Sell | Sell | |
RSI (14) | Neutral | Neutral | Neutral | |
Stochastic (5; 3; 3) | Neutral | Neutral | Neutral | |
Alligator (13; 8; 5) | Neutral | Sell | Sell | |
SAR (0.02; 0.2) | Buy | Sell | Sell | |
Aggregate | ⇒ | ⇘ | ⇘ |
Upside risks prevailed in the market on Friday, thus allowing the Australian Dollar to gained 63 base points or 0.86% against the US Dollar. The surge, however, was due to the US macroeconomic data released on Friday.
Currently, the currency pair is stranded between SMAs. The 200-hour simple moving average was providing resistance, while the 55-hour SMA was providing support at the time of this analysis.
The AUD/USD currency exchange rate has revealed a new junior descending channel. This pattern could drive the pair lower toward the weekly S1 at 0.7350 during the following trading session.