Positions | Today | Yesterday | % Change | |
Longs | 56% | 54% | 3.57% | |
Shorts | 44% | 46% | -4.55% | |
Indicator | 4H | 1D | 1W | |
MACD (12; 26; 9) | Buy | Neutral | Neutral | |
RSI (14) | Neutral | Sell | Sell | |
Stochastic (5; 3; 3) | Sell | Neutral | Neutral | |
Alligator (13; 8; 5) | Sell | Sell | Buy | |
SAR (0.02; 0.2) | Sell | Sell | Buy | |
Aggregate | ⇘ | ⇘ | ⇒ |
Downside risks prevailed in the market on Wednesday and thus sent the Australian Dollar for a fall against the US Dollar. As a result, the rate was able to breach the monthly support at 0.7778.
During the first part of Thursday's trading session, the pair showed a slight period of uncertainty from bulls and bears, as the Aussie failed to leave the 0.7712 mark.
It is likely that this situation continues until US ISM manufacturing PMI is released. This data release might result in volatility for a short period of time. However, the overall direction for the AUD/USD pair is still expected to be bearish movement.