Positions | Today | Yesterday | % Change | |
Longs | 39% | 42% | -7.69% | |
Shorts | 61% | 58% | 4.92% | |
Indicator | 4H | 1D | 1W | |
MACD (12; 26; 9) | Buy | Buy | Sell | |
RSI (14) | Neutral | Sell | Neutral | |
Stochastic (5; 3; 3) | Sell | Sell | Sell | |
Alligator (13; 8; 5) | Buy | Buy | Sell | |
SAR (0.02; 0.2) | Buy | Buy | Buy | |
Aggregate | ⇗ | ⇒ | ⇘ |
AUD/USD has shown no major changes to its overall price level during the previous session. After reversing from 0.7840 early on Tuesday, the Aussie edge lower but nevertheless managed to return near this mark by mid-today.
This slight consolidation has replaced the gradual up-trend which had previously dominated the market for several sessions. This could be an early indication that a decline is due. This scenario is likewise supported by weekly technical indicators.
In the short term, the rate could still edge slightly higher and approach the weekly R1 at 0.7861, especially given the pressure provided by the 55-hour SMA.
However, it is not expected that this level is breached; thus, in the most likely scenario, allowing the rate to fluctuate between these barriers.