Positions | Today | Yesterday | % Change | |
Longs | 64% | 56% | 12.50% | |
Shorts | 36% | 44% | -22.22% | |
Indicator | 4H | 1D | 1W | |
MACD (12; 26; 9) | Sell | Sell | Sell | |
RSI (14) | Sell | Neutral | Neutral | |
Stochastic (5; 3; 3) | Neutral | Buy | Neutral | |
Alligator (13; 8; 5) | Sell | Sell | Buy | |
SAR (0.02; 0.2) | Sell | Sell | Buy | |
Aggregate | ⇓ | ⇘ | ⇒ |
Upside momentum prevailed yesterday and thus sent the Australian Dollar rallying against the US Dollar. As a result, the pair was able to breach the 55-hour simple moving average.
By the end of European trading session on Friday, the exchange rate remained relatively calm and was gradually moving north. However, the 55-hour SMA is restricting the AUD/USD pair for making such moves.
As for near future, the Aussie is likely to remain bearish. This bearish movement could be stopped by the monthly S2 at 0.7712.