Positions | Today | Yesterday | % Change | |
Longs | 74% | 73% | 1.35% | |
Shorts | 26% | 27% | -3.85% | |
Indicator | 4H | 1D | 1W | |
MACD (12; 26; 9) | Buy | Sell | Sell | |
RSI (14) | Neutral | Neutral | Neutral | |
Stochastic (5; 3; 3) | Neutral | Neutral | Buy | |
Alligator (13; 8; 5) | Buy | Sell | Sell | |
SAR (0.02; 0.2) | Buy | Buy | Sell | |
Aggregate | ⇗ | ⇒ | ⇘ |
The Australian Dollar remained stable and gradually moving north against the US Dollar. During the middle of Wednesday's trading, the currency pair breached the monthly and the weekly PPs near 0.7750.
Technical indicators flash bullish signals within this trading session. However, the exchange rate is located in the overbought zone. This might indicate a brief retracement south is possible today.
Furthermore, in terms of the downside potential, the AUD/USD currency exchange rate is likely to target a support set by either the 55-hour simple moving average or the 100– and the 200– hour SMAs.