Positions | Today | Yesterday | % Change | |
Longs | 57% | 60% | -5.26% | |
Shorts | 43% | 40% | 6.98% | |
Indicator | 4H | 1D | 1W | |
MACD (12; 26; 9) | Sell | Sell | Sell | |
RSI (14) | Neutral | Buy | Neutral | |
Stochastic (5; 3; 3) | Sell | Sell | Buy | |
Alligator (13; 8; 5) | Sell | Sell | Sell | |
SAR (0.02; 0.2) | Buy | Sell | Sell | |
Aggregate | ⇘ | ⇘ | ⇘ |
Apart from a minor leap mid-session, the Aussie showed lack of volatility on Friday. It tested the 0.7503 mark for most of the session but nevertheless failed to breach this line. Given that the pair has breached the 55-hour SMA, this moving average could delay its attempts to return near the 0.75 area.
Technical indicators show mixed results. On the one hand, there is still some upside potential that could be realised during the following trading hours. The upside target is likely to be the 100– and 200-hour SMAs and the weekly PP circa 0.7560.
On the other hand, some indicators point to strong bearish momentum that is likely to prevail if the 55-hour SMA is breached to the downside. The Aussie then could move below its six-month low of 0.7503. The monthly S1 at 0.7490 is expected to limit any further falls.