Positions | Today | Yesterday | % Change | |
Longs | 58% | 55% | 5.17% | |
Shorts | 42% | 45% | -7.14% | |
Indicator | 4H | 1D | 1W | |
MACD (12; 26; 9) | Sell | Neutral | Sell | |
RSI (14) | Sell | Neutral | Neutral | |
Stochastic (5; 3; 3) | Neutral | Neutral | Neutral | |
Alligator (13; 8; 5) | Sell | Sell | Buy | |
SAR (0.02; 0.2) | Sell | Sell | Buy | |
Aggregate | ⇓ | ⇘ | ⇒ |
The movement of the Australian Dollar on Monday was guided mainly by a newly formed junior ascending channel. The pair breached the upper boundary of a dominant channel during the close of the European trading session on yesterday.
The gains for the Aussie was limited due to a resistance set by the weekly pivot point at 0.7791. It is likely that the AUD/USD pair is tended south within the following trading session.This bearish moves might be hindered by a strong support cluster located near the 0.7759 area.
In the meantime, the currency exchange rate could make a reverse north if the previously described situations occur.