Positions | Today | Yesterday | % Change | |
Longs | 40% | 34% | 15.00% | |
Shorts | 60% | 66% | -10.00% | |
Indicator | 4H | 1D | 1W | |
MACD (12; 26; 9) | Sell | Sell | Buy | |
RSI (14) | Buy | Neutral | Neutral | |
Stochastic (5; 3; 3) | Sell | Neutral | Sell | |
Alligator (13; 8; 5) | Sell | Sell | Buy | |
SAR (0.02; 0.2) | Sell | Sell | Buy | |
Aggregate | ⇘ | ⇘ | ⇗ |
The expected breakout of the short-term falling wedge did not occur during the last 24 hours, as downside risks prevailed and thus pressured the Australian Dollar southwards. The rate fell down to the 0.7812 mark and, as a result, made a full retracement of its six-week low.
During the last few hours, the rate has fluctuated around the monthly S1 at 0.7819, showing some reluctance to move either direction. Technical indicators are strongly bearish due to the massive fall in value apparent this week. However, recovery is a likely option in this session.
In general, the rate could remain between the weekly and monthly S1s for the remaining trading week, moving towards the 55-hour SMA at 0.7870 mark.