Positions | Today | Yesterday | % Change | |
Longs | 58% | 62% | -6.90% | |
Shorts | 42% | 38% | 9.52% | |
Indicator | 4H | 1D | 1W | |
MACD (12; 26; 9) | Sell | Sell | Sell | |
RSI (14) | Neutral | Neutral | Neutral | |
Stochastic (5; 3; 3) | Sell | Sell | Sell | |
Alligator (13; 8; 5) | Sell | Sell | Neutral | |
SAR (0.02; 0.2) | Buy | Sell | Sell | |
Aggregate | ⇘ | ⇓ | ⇘ |
Downside risk dominated the Aussie yesterday. However, a strong bullish momentum took control of the market on Tuesday. This upside risks started during the early hours of today trading session and by the middle of the day, the currency pair has breached both the 55-, 100-, and the 200– hour SMAs. Also, the pair tested the upper boundary of a channel down.
After hitting the upper border of the descending channel, the AUD/USD exchange made a U-turn south.
Technical indicators still remain bearish. Therefore, the currency pair could continue to decline further during the following session.