Positions | Today | Yesterday | % Change | |
Longs | 68% | 64% | 5.88% | |
Shorts | 32% | 36% | -12.50% | |
Indicator | 4H | 1D | 1W | |
MACD (12; 26; 9) | Sell | Sell | Sell | |
RSI (14) | Neutral | Neutral | Neutral | |
Stochastic (5; 3; 3) | Buy | Sell | Sell | |
Alligator (13; 8; 5) | Sell | Sell | Sell | |
SAR (0.02; 0.2) | Buy | Buy | Sell | |
Aggregate | ⇒ | ⇘ | ⇓ |
The second half of Thursday's session was relatively calm for the Australian Dollar, as the pair was fluctuating near the lower boundary of a two-week channel.
The pair spiked 25 pips early in this session until the strong resistance of the weekly PP and the 200-hour SMA circa 0.7595 sent the pair for another decline.
The prevalence of the aforementioned channel might mean a soon test of the more dominant descending channel in force since early September.
The Aussie's movement during the past few days suggest that this scenario might occur, thus pressuring the rate for a movement sideways during the following two sessions.
By and large, an upside target for today is the 0.7595 area, while the nearest support, apart from the channel line, is provided by the weekly S1 at 0.7553.