Positions | Today | Yesterday | % Change | |
Longs | 74% | 73% | 1.35% | |
Shorts | 26% | 27% | -3.85% | |
Indicator | 4H | 1D | 1W | |
MACD (12; 26; 9) | Sell | Neutral | Buy | |
RSI (14) | Buy | Sell | Neutral | |
Stochastic (5; 3; 3) | Sell | Neutral | Buy | |
Alligator (13; 8; 5) | Buy | Sell | Sell | |
SAR (0.02; 0.2) | Buy | Sell | Sell | |
Aggregate | ⇒ | ⇘ | ⇒ |
The AUD/USD currency pair continued to appreciate on Friday with high volatility as the previous sessions. A breakout had occurred through the upper boundary of a dominant descending channel.
Given that a breakout had occurred, the currency pair could target a resistance cluster formed by the combination of the weekly and the monthly pivot points near the 0.7579 regions.
However, bears might try to introduce a slight downside potential within this session. Nevertheless, technical indicators demonstrate that the aforementioned upside target could be fulfilled during the following 24hrs.