Positions | Today | Yesterday | % Change | |
Longs | 71% | 74% | -4.23% | |
Shorts | 29% | 26% | 10.34% | |
Indicator | 4H | 1D | 1W | |
MACD (12; 26; 9) | Buy | Sell | Sell | |
RSI (14) | Neutral | Neutral | Neutral | |
Stochastic (5; 3; 3) | Neutral | Sell | Neutral | |
Alligator (13; 8; 5) | Buy | Neutral | Sell | |
SAR (0.02; 0.2) | Sell | Buy | Sell | |
Aggregate | ⇒ | ⇒ | ⇘ |
The AUD/USD currency pair has been trading in the 0.7738/0.7773 range since April 10. its upper boundary was tested on Wednesday and the pair return south.
Given that the exchange rate has been trading in a descending channel and has already tested the upper border of the trend-line, it seems that the rate is reluctant to breakout from the aforementioned channel. During the middle of Thursday's trading session, the pair breached a support cluster formed by the monthly pivot point and the 55-hour SMA at 0.7747.
As for next 24hrs, the price movement could continue it southern journey until it encounters the nearest support at 0.7718 which is the weekly PP.