Positions | Today | Yesterday | % Change | |
Longs | 51% | 48% | 5.88% | |
Shorts | 49% | 52% | -6.12% | |
Indicator | 4H | 1D | 1W | |
MACD (12; 26; 9) | Sell | Buy | Buy | |
RSI (14) | Neutral | Neutral | Neutral | |
Stochastic (5; 3; 3) | Sell | Sell | Sell | |
Alligator (13; 8; 5) | Sell | Buy | Neutral | |
SAR (0.02; 0.2) | Sell | Buy | Buy | |
Aggregate | ⇓ | ⇗ | ⇒ |
AUD/USD spent the second half of Tuesday's trading session below the 200-hour SMA. It had failed to overcome this line until early today when a strong hourly surge pushed the rate through the 200-, 55– and 100-hour SMAs.
During this time, the pair was testing the bottom boundary of a five-week channel. An upside breakout of the aforementioned SMAs suggest that the Aussie might still continue respecting the channel. However, given the steepness of this pattern, its upper boundary is unlikely to be reached.
Technical indicators demonstrate that this might be the most likely scenario for the following session. The nearest resistance is the weekly R1 at 0.7892, while support is provided by the aforementioned SMAs and the weekly PP.