Positions | Today | Yesterday | % Change | |
Longs | 53% | 48% | 9.43% | |
Shorts | 47% | 52% | -10.64% | |
Indicator | 4H | 1D | 1W | |
MACD (12; 26; 9) | Buy | Buy | Buy | |
RSI (14) | Neutral | Sell | Neutral | |
Stochastic (5; 3; 3) | Sell | Sell | Sell | |
Alligator (13; 8; 5) | Buy | Buy | Buy | |
SAR (0.02; 0.2) | Buy | Buy | Buy | |
Aggregate | ⇗ | ⇒ | ⇗ |
The Australian Dollar remained stable during the first part of Thursday. Slight bullish momentum took over the market later in the session, thus allowing for the rate to test the weekly R1 near 0.79.
This trading session was dominated primarily by bears. The prevailing momentum southwards was strengthened by solid US fundamentals released at 1330GMT. They allowed the Aussie to breach the 55-hour SMA and approach the 100– and 200-hour moving averages circa 0.7850. This area is likewise reinforced by a five-week ascending channel.
Thus, it is expected that the Australian Dollar reverses near this mark and sees a slight recovery up to the 0.79 mark.