Positions | Today | Yesterday | % Change | |
Longs | 57% | 58% | -1.75% | |
Shorts | 43% | 42% | 2.33% | |
Indicator | 4H | 1D | 1W | |
MACD (12; 26; 9) | Buy | Sell | Buy | |
RSI (14) | Neutral | Neutral | Neutral | |
Stochastic (5; 3; 3) | Sell | Sell | Sell | |
Alligator (13; 8; 5) | Buy | Sell | Buy | |
SAR (0.02; 0.2) | Buy | Buy | Buy | |
Aggregate | ⇗ | ⇘ | ⇗ |
The Australian Dollar introduced no significant changes to its overall price range against the US Dollar on Wednesday as its remained stable.
Meanwhile, the Aussie has re-tested the weekly pivot point at 0.7893. According to technical indicators, some upwards potential is likely. Furthermore, the currency exchange rate should continue it bullish sentiment in accordance with the ascending channel.
As for near future, the exchange rate is likely to continue to rally until it reaches the upper boundary of a channel up where the weekly R2 is located.