Positions | Today | Yesterday | % Change | |
Longs | 73% | 73% | 0.00% | |
Shorts | 27% | 27% | 0.00% | |
Indicator | 4H | 1D | 1W | |
MACD (12; 26; 9) | Buy | Sell | Sell | |
RSI (14) | Neutral | Neutral | Neutral | |
Stochastic (5; 3; 3) | Sell | Neutral | Buy | |
Alligator (13; 8; 5) | Buy | Sell | Sell | |
SAR (0.02; 0.2) | Buy | Buy | Sell | |
Aggregate | ⇗ | ⇒ | ⇘ |
Bulls managed to regain control of market yesterday. By the end of Monday's trading session, the AUD/USD currency pair accumulated approximately 59 basis point.
Given that the pair has picked up bullish momentum, it is likely that the currency exchange rate could breach the upper boundary of an ascending channel during the following trading session.
Two scenarios are likely to take place within the next 24hrs. First, the rate might reverse from the up border of the junior pattern and continue its downward movement. Second, the pair could move past the aforementioned boundary and begin a new wave to the upside.