Positions | Today | Yesterday | % Change | |
Longs | 60% | 61% | -1.67% | |
Shorts | 40% | 39% | 2.50% | |
Indicator | 4H | 1D | 1W | |
MACD (12; 26; 9) | Sell | Sell | Sell | |
RSI (14) | Buy | Buy | Neutral | |
Stochastic (5; 3; 3) | Sell | Sell | Buy | |
Alligator (13; 8; 5) | Sell | Sell | Sell | |
SAR (0.02; 0.2) | Sell | Sell | Sell | |
Aggregate | ⇘ | ⇘ | ⇘ |
The movement of the Australian Dollar on Thursday was not influenced by technical indicators that were located in the oversold region, as it managed to edge even lower and reach the weekly S2 at 0.7511. As a result, the Aussie set up a new six-month low.
During the first part of the day, the pair entered a minor period of consolidation. This lack of movement was slightly altered mid-session when the US published its labour data. Impact of this data release, however, was not significant, as the Aussie appreciated only 10 pips within the first minute after the release.
By and large, it is likely that the Australian Dollar moves towards the 100– and 200-hour SMAs located circa 0.7579. Given that the 55-hour SMA and the weekly S1 are located closer, the Aussie might hinder or even halt near this area.