Positions | Today | Yesterday | % Change | |
Longs | 55% | 59% | -7.27% | |
Shorts | 45% | 41% | 8.89% | |
Indicator | 4H | 1D | 1W | |
MACD (12; 26; 9) | Buy | Sell | Sell | |
RSI (14) | Neutral | Neutral | Neutral | |
Stochastic (5; 3; 3) | Sell | Sell | Neutral | |
Alligator (13; 8; 5) | Buy | Sell | Sell | |
SAR (0.02; 0.2) | Buy | Buy | Sell | |
Aggregate | ⇗ | ⇘ | ⇘ |
As apparent on the chart, the Aussie was testing the senior channel for two consecutive sessions, thus signalling to a possible breakout. This move occurred early on Monday when the pair dashed through a resistance cluster set by the senior channel and the 55-hour SMA circa 0.7620.
It is expected that the given breakout is followed by a retracement back to the upper channel line. Technical indicators also point to a possible decline within the following day.
A considerable resistance is provided by the 100-hour SMA, the weekly PP and the 200-hour SMA located in the 0.7590/0.7605 area.