Positions | Today | Yesterday | % Change | |
Longs | 35% | 38% | -8.57% | |
Shorts | 65% | 62% | 4.62% | |
Indicator | 4H | 1D | 1W | |
MACD (12; 26; 9) | Buy | Buy | Buy | |
RSI (14) | Neutral | Neutral | Neutral | |
Stochastic (5; 3; 3) | Sell | Sell | Buy | |
Alligator (13; 8; 5) | Buy | Buy | Buy | |
SAR (0.02; 0.2) | Buy | Buy | Buy | |
Aggregate | ⇗ | ⇗ | ⇑ |
During the last 24 hours, the rate managed to reach the weekly R1 and the upper channel boundary at 0.8020 and fall back down to the 55-hour SMA. Thus, the given time period has not introduced any changes to the price level.
Reaching a four-week high may pressure the rate southwards. This movement would comply with characteristics of the current channel pattern that is expected to guide the pair towards the 0.7930/0.7900 territory this week.
However, the Aussie faces a significant support area formed by the 100– and 200-hour SMAs and the weekly and monthly PPs. Thus, it is more likely that the pair trades sideways or edges slightly higher away from the above support.