Positions | Today | Yesterday | % Change | |
Longs | 65% | 54% | 16.92% | |
Shorts | 35% | 46% | -31.43% | |
Indicator | 4H | 1D | 1W | |
MACD (12; 26; 9) | Sell | Sell | Buy | |
RSI (14) | Neutral | Neutral | Neutral | |
Stochastic (5; 3; 3) | Sell | Sell | Sell | |
Alligator (13; 8; 5) | Sell | Sell | Buy | |
SAR (0.02; 0.2) | Buy | Sell | Buy | |
Aggregate | ⇘ | ⇓ | ⇗ |
It was expected that the Aussie would begin a surge against the Greenback after the pair reached the monthly pivot point and the lower boundary of a medium-scale triangle. However, the surge began later and, by the end of Thursday's trading session, the AUD/USD pair had gained 60 base points.
The weekly PP proved that it has enough support to force the exchange rate upwards. The surge was stopped by the monthly S1 at 0.7855.
As for near future, the pair is likely to remain trading inside the medium-scale triangle until a breakout occurs to either direction.