Positions | Today | Yesterday | % Change | |
Longs | 40% | 39% | 2.50% | |
Shorts | 60% | 61% | -1.67% | |
Indicator | 4H | 1D | 1W | |
MACD (12; 26; 9) | Sell | Buy | Buy | |
RSI (14) | Neutral | Neutral | Neutral | |
Stochastic (5; 3; 3) | Sell | Sell | Neutral | |
Alligator (13; 8; 5) | Sell | Buy | Buy | |
SAR (0.02; 0.2) | Sell | Buy | Buy | |
Aggregate | ⇓ | ⇗ | ⇗ |
The AUD/USD pair failed to pass the resistance of the 55 and 100-hour simple moving averages. Instead the currency exchange rate was forced lower and fell down to reconfirm the lower trend line of the most dominant pattern.
While looking for the reasons for this move, the junior long term channel was adjusted, and the situation became clear. To observe the patterns zoom out the online chart, and you will have a clear understanding, what was occurring on the AUD/USD rate.
In regards to the near term future, it still is to be seen, whether the pair manages to break through the resistances of the weekly PP and the various hourly SMAs.