Positions | Today | Yesterday | % Change | |
Longs | 0% | 60% | #DIV/0! | |
Shorts | 100% | 40% | 60.00% | |
Indicator | 4H | 1D | 1W | |
MACD (12; 26; 9) | Buy | Sell | Sell | |
RSI (14) | Neutral | Neutral | Neutral | |
Stochastic (5; 3; 3) | Neutral | Neutral | Buy | |
Alligator (13; 8; 5) | Buy | Sell | Sell | |
SAR (0.02; 0.2) | Buy | Sell | Sell | |
Aggregate | ⇗ | ⇘ | ⇘ |
The Australian Dollar has been trading sideways against the US Dollar for almost a week now. The currency pair has been moving within range of 0.7425 and 0.7361 since June 3.
Technical indicators flash buy signals on the four-hour time frame, while on the weekly time-frame point to further decline. In case the currency pair pullback from 0.74 and breached the 55-hour simple moving average, it is expected that bears might push the rate lower for a likely breakout.
Meanwhile, it is likely that the currency exchange rate remains trading within range during the following trading session.