Positions | Today | Yesterday | % Change | |
Longs | 51% | 49% | 3.92% | |
Shorts | 49% | 51% | -4.08% | |
Indicator | 4H | 1D | 1W | |
MACD (12; 26; 9) | Buy | Buy | Buy | |
RSI (14) | Neutral | Sell | Neutral | |
Stochastic (5; 3; 3) | Sell | Sell | Sell | |
Alligator (13; 8; 5) | Buy | Buy | Neutral | |
SAR (0.02; 0.2) | Buy | Buy | Buy | |
Aggregate | ⇗ | ⇒ | ⇒ |
The Australian Dollar tried to edge higher mid-Thursday. This appreciation was stopped near the 0.7870 area which pressured the rate back south down to the 55-hour SMA.
Even though the pair has not yet breached the prevailing channel up, it has likewise shown no intention to test its upper channel line. Thus, a soon breakout south should be inevitable, and given the current positioning of the rate, it might happen early next week.
By and large, no significant changes to the pair's direction are expected during the following 24 hours. Bears are trying to move past the 55– and 100-hour SMAs for several sessions now, but enough momentum has not yet been gained.
In case the 55-hour SMA pressures the Aussie north, gains should not exceed the weekly R2 at 0.79.