Positions | Today | Yesterday | % Change | |
Longs | 36% | 35% | 2.78% | |
Shorts | 64% | 65% | -1.56% | |
Indicator | 4H | 1D | 1W | |
MACD (12; 26; 9) | Sell | Buy | Buy | |
RSI (14) | Neutral | Neutral | Neutral | |
Stochastic (5; 3; 3) | Sell | Sell | Sell | |
Alligator (13; 8; 5) | Neutral | Buy | Buy | |
SAR (0.02; 0.2) | Buy | Sell | Buy | |
Aggregate | ⇒ | ⇒ | ⇗ |
Movement of the AUD/USD in the first half of Tuesday indicates that the currency pair acted in accordance with one of the scenarios described yesterday. Namely, it has left a symmetrical triangle in an upward direction and tried to break though the weekly PP at 0.7624. However, because of the additional pressure from the 200-hour SMA the pair was forced to retreat. Nevertheless, the drop below the 0.7603 mark is unlikely due to existence of a combined support level formed by the 20-, 55- and 100-hour SMAs. As a result, the rate is expected to continue the steady ascension in a limbo between the abovementioned barriers until the end of the day. But tomorrow the Aussie most probably is going to fall in the result of a breakout from a forming rising wedge.