Positions | Today | Yesterday | % Change | |
Longs | 63% | 73% | -15.87% | |
Shorts | 37% | 27% | 27.03% | |
Indicator | 4H | 1D | 1W | |
MACD (12; 26; 9) | Sell | Sell | Sell | |
RSI (14) | Neutral | Buy | Neutral | |
Stochastic (5; 3; 3) | Neutral | Buy | Neutral | |
Alligator (13; 8; 5) | Sell | Sell | Sell | |
SAR (0.02; 0.2) | Buy | Sell | Buy | |
Aggregate | ⇒ | ⇒ | ` |
Downside momentum continues to drive the Australian Dollar lower against the US Dollar. As a result, the exchange rate has reached a one-year low level near the 0.7351 mark.
After reaching the 55-hour simple moving average at 0.7403, the currency pair reversed south. By the middle of Wednesday session, the rate was stranded between the 55-hour SMA and the weekly pivot point at 0.7381.
The overall market sentiment still remains bearish; therefore, the AUD/USD currency exchange rate is likely to continue to depreciate during the following trading sessions.