Positions | Today | Yesterday | Change |
---|---|---|---|
Longs | 74% | 71% | 4.0% |
Shorts | 26% | 29% | -11.6% |
Indicator | 4H | 1D | 1W |
MACD(12;26;9) | Buy | Buy | Sell |
RSI(14) | Neutral | Neutral | Neutral |
Stochastic(5;3;3) | Buy | Neutral | Neutral |
Alligator(13;8;5) | Buy | Buy | Sell |
SAR(0.02;0.2) | Sell | Buy | Buy |
Aggregate | ⇗ | ⇗ | ⇒ |
The Australian Dollar has depreciated by 51 basis points against the US Dollar since yesterday's trading session. The currency pair breached the 50-, 100– and 200– hour SMAs since the previous session.
Given that the exchange rate has breached the 50-, 100– and 200– hour simple moving averages, bearish traders will most likely continue to dominate the AUD/USD pair within this session.
However, a support cluster formed by the 200– hour SMA and the 61.80% Fibonacci retracement level at 0.6854 could provide support for the currency exchange rate during the following trading session.