Positions | Today | Yesterday | % Change | |
Longs | 43% | 45% | -4.65% | |
Shorts | 57% | 55% | 3.51% | |
Indicator | 4H | 1D | 1W | |
MACD (12; 26; 9) | Buy | Buy | Buy | |
RSI (14) | Sell | Sell | Neutral | |
Stochastic (5; 3; 3) | Sell | Sell | Sell | |
Alligator (13; 8; 5) | Buy | Buy | Buy | |
SAR (0.02; 0.2) | Buy | Buy | Buy | |
Aggregate | ⇒ | ⇒ | ⇗ |
As it was expected, the Australian Dollar continued to consolidate against the US Dollar in the last 24 hours up to the middle of Tuesday's trading. Moreover, the consolidation has been mapped by a new active junior pattern.
In regards to the future, the pair has encountered the support of the newly drawn channel down pattern and rebounded. Due to that reason the pair is expected to approach the resistance of the weekly R1, which located at the 0.7960 mark.
Moreover, the surge is expected to occur due to the approaching additional support of the 55-hour simple moving average.