Positions | Today | Yesterday | % Change | |
Longs | 62% | 51% | 17.74% | |
Shorts | 38% | 49% | -28.95% | |
Indicator | 4H | 1D | 1W | |
MACD (12; 26; 9) | Sell | Sell | Buy | |
RSI (14) | Neutral | Neutral | Neutral | |
Stochastic (5; 3; 3) | Neutral | Sell | Sell | |
Alligator (13; 8; 5) | Sell | Sell | Neutral | |
SAR (0.02; 0.2) | Sell | Sell | Sell | |
Aggregate | ⇘ | ⇓ | ⇒ |
The Aussie continues its neat journey in a descending pattern against the Greenback. By the end of Tuesday's trading session, the exchange rate has breached the lower boundary of an ascending channel.
Given that the combination 55-, 100– and the 200– hour simple moving averages have crossed path, this might suggest that the pair is set for a long-term decline. However, a support cluster set by the weekly S1 and the Monthly S1 near 0.7658 was providing support for the currency pair.
If this support cluster holds, a brief retracement north is likely during the following trading session for a re-test of the PP at 0.77199.