Positions | Today | Yesterday | % Change | |
Longs | 69% | 71% | -2.90% | |
Shorts | 31% | 29% | 6.45% | |
Indicator | 4H | 1D | 1W | |
MACD (12; 26; 9) | Sell | Sell | Sell | |
RSI (14) | Neutral | Buy | Neutral | |
Stochastic (5; 3; 3) | Sell | Sell | Neutral | |
Alligator (13; 8; 5) | Sell | Sell | Neutral | |
SAR (0.02; 0.2) | Buy | Sell | Sell | |
Aggregate | ⇘ | ⇘ | ⇘ |
The Aussie was trading in line with the previous analysis, as it remained between the weekly PP and the 55-hour SMA during the last trading session. The southern barrier is likewise reinforced by the monthly S1 and the 100-hour SMA.
It seems that the aforementioned support cluster might be too strong for the pair to break it without any hindrance; thus, it is likely that bulls push the rate higher. However, this direction is likewise restricted by the 200-hour SMA located circa 0.76.
The rate could remain stranded between the 200– and 100-hour SMAs until FOMC meeting minutes are release. This fundamental event could determine the pair's subsequent movement. In general, it is more likely that the bearish sentiment prevails.