Positions | Today | Yesterday | % Change | |
Longs | 42% | 44% | -4.76% | |
Shorts | 58% | 56% | 3.45% | |
Indicator | 4H | 1D | 1W | |
MACD (12; 26; 9) | Buy | Buy | Sell | |
RSI (14) | Sell | Sell | Neutral | |
Stochastic (5; 3; 3) | Sell | Sell | Sell | |
Alligator (13; 8; 5) | Buy | Buy | Sell | |
SAR (0.02; 0.2) | Buy | Buy | Buy | |
Aggregate | ⇒ | ⇒ | ⇘ |
The Australian Dollar continues to gradually appreciate against the US Dollar for the sixth consecutive session. This upward movement was not very distinct on Friday, as traders were reluctant to enter into massive trades during the last trading session of the year.
The Aussie re-gained momentum early in this session and was consequently trading near the 0.7840 mark by mid-day.
It seems that the bearish sentiment could allay tomorrow, as shown by daily technical indicators. Given that the 0.78 area is supported by the 55– and 100-hour SMAs and the weekly PP, the Aussie is likely to be pressured to remain above this territory.