Positions | Today | Yesterday | % Change | |
Longs | 56% | 61% | -8.93% | |
Shorts | 44% | 39% | 11.36% | |
Indicator | 4H | 1D | 1W | |
MACD (12; 26; 9) | Sell | Sell | Buy | |
RSI (14) | Neutral | Neutral | Neutral | |
Stochastic (5; 3; 3) | Sell | Neutral | Sell | |
Alligator (13; 8; 5) | Sell | Neutral | Buy | |
SAR (0.02; 0.2) | Buy | Sell | Buy | |
Aggregate | ⇘ | ⇘ | ⇗ |
Upside movement prevailed during Friday's trading session and thus sent the Australian Dollar rallying against the US Dollar. As a result, the pair was able to breach the upper boundary of the channel down.
By the middle of the European trading session, the currency pair remained relatively calm and was gradually moving north to test the weekly PP at 0.7843. In addition, the support of the 100-hour SMA at 0.7830 to further push the rate upwards.
Everything being equal, the AUD/USD pair is likely to remain bullish until it breaches the weekly pivot point at 0.7843. The pair could be stopped by the monthly PP at the 0.7898 mark.