Positions | Today | Yesterday | % Change | |
Longs | 70% | 66% | 5.71% | |
Shorts | 30% | 34% | -13.33% | |
Indicator | 4H | 1D | 1W | |
MACD (12; 26; 9) | Sell | Sell | Sell | |
RSI (14) | Neutral | 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 temporarily stopped its massive decline against the US Dollar. The pair reverse from the 131.64 mark and has been gaining strength during the first part of Thursday's trading session.
Given that a breakout had occurred from a very significant resistance level set by the combination of the weekly and the monthly PPs at the 0.7514 area, it is expected that the AUD/USD currency pair to surge within the following trading day.
However, technical indicators suggest different scenario. It favour bears to grow stronger within this session.
By and large, it is likely that the exchange rate could fulfil it upward potential today.