Positions | Today | Yesterday | % Change | |
Longs | 37% | 35% | 5.41% | |
Shorts | 63% | 65% | -3.17% | |
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 | Buy | |
SAR (0.02; 0.2) | Buy | Buy | Buy | |
Aggregate | ⇗ | ⇒ | ⇗ |
The Australian Dollar continues to be gaining strength against the US Dollar. By the end of Friday's trading session, a new high was formed. The pair has been moving in a systematic way since the beginning of January.
The currency exchange rate has continued its bullish path, and the pair is moving in an ascending order inside the dominant channel.
In regards to the next trading session, the pair is likely to retrace to the south and find support at the weekly PP level at 0.8069. The combination of the 55—hour, 100—hour and 200—hour SMAs levels at 0.8059 and 0.8027 might stop the movement south and force a U-turn north.