Positions | Today | Yesterday | % Change | |
Longs | 65% | 73% | -12.31% | |
Shorts | 35% | 27% | 22.86% | |
Indicator | 4H | 1D | 1W | |
MACD (12; 26; 9) | Buy | Sell | Sell | |
RSI (14) | Neutral | Neutral | Neutral | |
Stochastic (5; 3; 3) | Neutral | Neutral | Neutral | |
Alligator (13; 8; 5) | Buy | Neutral | Sell | |
SAR (0.02; 0.2) | Sell | Sell | Sell | |
Aggregate | ⇒ | ⇘ | ⇘ |
The AUD/USD exchange rate closed Thursday's trading session finding support at the 200– hour simple moving average. The aforementioned SMA has been providing support for the pair since May 30.
By the early hours of Friday's session, the price movement finally breached the support level formed by the moving average. Furthermore, the currency pair has bounced off the 50.00% Fibonacci retracement level. This retracement can be measured by connecting the low at 0.74 and the high at 0.75.
Everything being equal, it is expected that the currency exchange rate makes an upside moves during the following session for a potential target at 0.75 which is the weekly pivot point.