Positions | Today | Yesterday | Change |
---|---|---|---|
Longs | 52% | 52% | 0.6% |
Shorts | 48% | 48% | -0.7% |
Indicator | 4H | 1D | 1W |
MACD(12;26;9) | Sell | Buy | Sell |
RSI(14) | Neutral | Neutral | Neutral |
Stochastic(5;3;3) | Neutral | Buy | Neutral |
Alligator(13;8;5) | Sell | Buy | Sell |
SAR(0.02;0.2) | Sell | Sell | Sell |
Aggregate | ⇘ | ⇗ | ⇘ |
On Friday, the Australian Dollar declined by 61 pips or 0.82% against the US Dollar. The AUD/USD currency pair breached the 50– and 200– hour SMAs during Friday's trading session.
Technical indicators suggest selling signals on the 4H time-frame chart. Most likely, sellers could continue to drive the exchange rate lower during the following trading session.
However, the lower line of a descending channel pattern could provide support for the currency exchange rate within this session.