Positions | Today | Yesterday | % Change | |
Longs | 67% | 66% | 1.49% | |
Shorts | 33% | 34% | -3.03% | |
Indicator | 4H | 1D | 1W | |
MACD (12; 26; 9) | Sell | Sell | Sell | |
RSI (14) | Neutral | Buy | Neutral | |
Stochastic (5; 3; 3) | Neutral | Neutral | Buy | |
Alligator (13; 8; 5) | Sell | Sell | Sell | |
SAR (0.02; 0.2) | Sell | Sell | Sell | |
Aggregate | ⇘ | ⇘ | ⇘ |
The previous expectations for the AUD/USD currency pair have been fulfilled. The pair continued to depreciate throughout Wednesday's session and also breached the monthly S2 at 0.7336. However, the Australian Dollar has stopped its decline against the US Dollar after tested the pivot point.
By the middle of Thursday's trading session, bulls started showing their presence in the market, as the exchange rate began making an upside movement toward the 55-hour simple moving average.
Everything being equal, the pair is likely to plummets further downward toward the lower boundary of a downtrend channel today.