Positions | Today | Yesterday | % Change | |
Longs | 53% | 62% | -16.98% | |
Shorts | 47% | 38% | 19.15% | |
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 | Sell | Buy | |
SAR (0.02; 0.2) | Buy | Sell | Buy | |
Aggregate | ⇘ | ⇘ | ⇗ |
The Australian Dollar continues its smooth journey in a descending channel against the US Dollar. By the end of Tuesday's trading session, the currency pair has reached a three-month low.
The combination of the 100– and the 200-hour SMAs indicates that the fall is likely to continue until it breaches the monthly pivot point at 0.7658. Meanwhile, the 55– hour simple moving average was restricting the exchange rate from making any upward moves.
As for near future, bears could continue their dominance on the AUD/USD pair within this session until it reaches the aforementioned monthly PP.