Positions | Today | Yesterday | % Change | |
Longs | 35% | 31% | 11.43% | |
Shorts | 65% | 69% | -6.15% | |
Indicator | 4H | 1D | 1W | |
MACD (12; 26; 9) | Buy | Sell | Sell | |
RSI (14) | Neutral | Neutral | Neutral | |
Stochastic (5; 3; 3) | Sell | Sell | Sell | |
Alligator (13; 8; 5) | Buy | Neutral | Sell | |
SAR (0.02; 0.2) | Buy | Buy | Sell | |
Aggregate | ⇗ | ⇒ | ⇓ |
The upside momentum that guided AUD/USD on Friday morning stalled mid-session, resulting in weak volatility. During the early hours of today, the Aussie plunged against the US Dollar and reached the 100-hour SMA at 0.7586. The currency, however, did recover some ground and returned above the 55-hour SMA. It is likely that the rate depreciates in this trading session, setting the 100-hour SMA as a possible downside limit for the upcoming hours. The nearest support is formed by the lower Bollinger band and the weekly PP at 0.7594. A failure to form a distinctive wave up implies that the ascending channel may not be able to confine the pair any longer. Technical signals on the daily chart suggest that a breakout is more likely to occur to the downside.