Positions | Today | Yesterday | % Change | |
Longs | 59% | 62% | -5.08% | |
Shorts | 41% | 38% | 7.32% | |
Indicator | 4H | 1D | 1W | |
MACD (12; 26; 9) | Buy | Sell | Sell | |
RSI (14) | Neutral | Neutral | Neutral | |
Stochastic (5; 3; 3) | Buy | Sell | Neutral | |
Alligator (13; 8; 5) | Buy | Sell | Sell | |
SAR (0.02; 0.2) | Buy | Buy | Sell | |
Aggregate | ⇑ | ⇘ | ⇘ |
After testing the weekly R1 at 0.7634 mid-Thursday, the Aussie started trading along the upper boundary of the senior channel. As a result, the given currency weakened against the US Dollar until the 55-hour SMA at 0.7610 was reached.
The pair remaining near the senior pattern suggests that it might be finally ready to make a breakout north. However, it is yet unknown if this move occurs within the following 24 hours.
Technical indicators are more in favour of a fall that should lead the rate towards the weekly PP, the 200– and 100-hour SMAs circa 0.7585. Subsequently, a recovery is likely to follow.
A possible upside target for today could be the aforementioned weekly R1.