Positions | Today | Yesterday | % Change | |
Longs | 33% | 32% | 3.03% | |
Shorts | 67% | 68% | -1.49% | |
Indicator | 4H | 1D | 1W | |
MACD (12; 26; 9) | Buy | Buy | Buy | |
RSI (14) | Neutral | Neutral | Neutral | |
Stochastic (5; 3; 3) | Sell | Sell | Sell | |
Alligator (13; 8; 5) | Neutral | Buy | Buy | |
SAR (0.02; 0.2) | Sell | Buy | Buy | |
Aggregate | ⇒ | ⇗ | ⇗ |
AUD/USD was stranded in a narrow range between the 55– and 100-hour SMAs on Monday. After breaching the bottom channel boundary, the Aussie was hindered by the 100-hour SMA for a few hours. This level, however, failed to provide support and was likewise penetrated.
Tuesday morning was marked by an attempt to recover some losses, but the weekly PP once again stopped any attempts to do so. The direction of the pair during the upcoming hours is yet unclear, as technical signals do not provide a clear message.
From the upside, the Aussie is restricted by the weekly PP and the 55– and 200-hour SMAs near 0.8047. This area was strong enough to stop the pair on previous occasions. Thus, it is more likely that the rate falls down to the 200-hour SMA after testing this area.