Positions | Today | Yesterday | % Change | |
Longs | 57% | 58% | -1.75% | |
Shorts | 43% | 42% | 2.33% | |
Indicator | 4H | 1D | 1W | |
MACD (12; 26; 9) | Buy | Sell | Buy | |
RSI (14) | Neutral | Neutral | Neutral | |
Stochastic (5; 3; 3) | Sell | Buy | Neutral | |
Alligator (13; 8; 5) | Buy | Sell | Neutral | |
SAR (0.02; 0.2) | Buy | Sell | Sell | |
Aggregate | ⇗ | ⇘ | ⇒ |
AUD/USD was trading between the weekly and monthly PPs for most of the session on Thursday.
This range was breached early on Friday when sluggish Australian retail sales released at 0030GMT weighted heavily on the Antipodean currency even after the immediate reaction had allayed.
As a result, the rate was testing the lower boundary of the junior channel circa 0.7670 by mid-session. Mixed US fundamental data at 1230GMT shot the pair upwards; however, it was halted by an intersection of the 55– and 200-hour SMAs at 0.7693.
This demonstrates the strength of this resistance area, suggesting that this cluster might hold during the remaining hours of this trading week. The rate, however, is expected to re-gain value on Monday.