Positions | Today | Yesterday | % Change | |
Longs | 70% | 72% | -2.86% | |
Shorts | 30% | 28% | 6.67% | |
Indicator | 4H | 1D | 1W | |
MACD (12; 26; 9) | Sell | Sell | Sell | |
RSI (14) | Buy | Buy | Neutral | |
Stochastic (5; 3; 3) | Neutral | Buy | Buy | |
Alligator (13; 8; 5) | Sell | Sell | Sell | |
SAR (0.02; 0.2) | Sell | Sell | Sell | |
Aggregate | ⇘ | ⇒ | ⇘ |
The Australian Dollar has been weakening against the US Dollar since Mid-April. The movement for the pair has been constrained by a descending pattern. As shown on the chart, the currency pair has breached the upper boundary of the channel down.
The AUD/USD exchange rate was guided mainly by the 55– hour simple moving average. By the middle of Thursday's trading session, the price movement pierced the aforementioned SMA.
As for near future, the currency exchange rate is likely to continue to decline further south until it finds support set by the monthly pivot point at 0.7578. Meanwhile, technical indicators suggest the price could remain south during the following sessions.