Positions | Today | Yesterday | % Change | |
Longs | 72% | 74% | -2.78% | |
Shorts | 28% | 26% | 7.14% | |
Indicator | 4H | 1D | 1W | |
MACD (12; 26; 9) | Sell | Sell | Sell | |
RSI (14) | Neutral | Neutral | Neutral | |
Stochastic (5; 3; 3) | Buy | Neutral | Neutral | |
Alligator (13; 8; 5) | Sell | Neutral | Sell | |
SAR (0.02; 0.2) | Sell | Buy | Sell | |
Aggregate | ⇘ | ⇒ | ⇘ |
Following a breakout of the 55–, 100-, and 200– hour simple moving averages on Tuesday, downside risks prevailed and thus drove the AUD/USD currency pair down to the lower boundary of a dominant ascending channel.
However, this decline has been temporarily stopped by the monthly pivot point at 0.7514 during the European trading session on Tuesday.
As for near future, the exchange rate movement should nevertheless be tended upwards during the following trading session. If and when this bullish move occurs, the currency exchange rate could encounter a resistance cluster set by the combination of the aforementioned SMAs located near the 0.7553 mark.