Positions | Today | Yesterday | % Change | |
Longs | 51% | 53% | -3.92% | |
Shorts | 49% | 47% | 4.08% | |
Indicator | 4H | 1D | 1W | |
MACD (12; 26; 9) | Buy | Sell | Buy | |
RSI (14) | Neutral | Neutral | Neutral | |
Stochastic (5; 3; 3) | Neutral | Sell | Sell | |
Alligator (13; 8; 5) | Buy | Sell | Neutral | |
SAR (0.02; 0.2) | Buy | Sell | Sell | |
Aggregate | ⇗ | ⇓ | ⇒ |
The Australian Dollar remained stable against the US Dollar during Monday's trading session. A slight bearish movement took over the market on Tuesday, thus, allowing the pair to test the weekly PP at 0.7718.
The European session was dominated mainly by bears. The currency exchange rate has formed a king's crown pattern which suggests the rate could be set for further decline.
Two scenarios are likely to occur to the AUD/USD pair. First, the pair might reverse from 0.7718 and return near the 200-hour SMA. Second, a breakout through the lower boundary of the ascending channel could be a possibility.