Positions | Today | Yesterday | % Change | |
Longs | 72% | 66% | 8.33% | |
Shorts | 28% | 34% | -21.43% | |
Indicator | 4H | 1D | 1W | |
MACD (12; 26; 9) | Sell | Sell | Sell | |
RSI (14) | Neutral | Neutral | Neutral | |
Stochastic (5; 3; 3) | Neutral | Neutral | Buy | |
Alligator (13; 8; 5) | Sell | Sell | Sell | |
SAR (0.02; 0.2) | Sell | Buy | Sell | |
Aggregate | ⇘ | ⇒ | ⇘ |
The Australian Dollar has continued to fall lower against the US Dollar. By the end of Thursday's trading session, the currency pair has reached a low at 0.7650. However, the lower boundary of a junior ascending channel was providing support for the exchange rate.
After reaching near the 23.60% Fibonacci retracement level, the Aussie began to decline against the US Dollar. Also, the combination of the 55-, 100– and the 200– hour SMAs was pressurizing the price further south. This retracement can be measured by connecting the low at 0.7644 and the high at 0.7758.
Technical indicators suggest bears are likely to grow stronger within this session.