Positions | Today | Yesterday | % Change | |
Longs | 54% | 58% | -7.41% | |
Shorts | 46% | 42% | 8.70% | |
Indicator | 4H | 1D | 1W | |
MACD (12; 26; 9) | Sell | Sell | Sell | |
RSI (14) | Neutral | Buy | Buy | |
Stochastic (5; 3; 3) | Neutral | Buy | Neutral | |
Alligator (13; 8; 5) | Sell | Sell | Sell | |
SAR (0.02; 0.2) | Buy | Sell | Sell | |
Aggregate | ⇒ | ⇒ | ⇘ |
No significant changes were introduced to the AUD/USD exchange rate positioning on Wednesday, as the pair remained trading inside the one-week junior descending channel. The situation, however, remained the same on Thursday, as the price continued to bounce between the upper and lower borders of Monday's trading range of 0.7273/0.7200.
Given that the AUD/USD currency exchange rate has moved near the 0.7257 mark, a breakout from the trading range is likely to occur during the following trading session. Furthermore, technical indicators support bearish momentum is expected to continue today.