Positions | Today | Yesterday | % Change | |
Longs | 74% | 71% | 4.05% | |
Shorts | 26% | 29% | -11.54% | |
Indicator | 4H | 1D | 1W | |
MACD (12; 26; 9) | Buy | Sell | Sell | |
RSI (14) | Sell | Neutral | Neutral | |
Stochastic (5; 3; 3) | Neutral | Sell | Neutral | |
Alligator (13; 8; 5) | Buy | Neutral | Sell | |
SAR (0.02; 0.2) | Buy | Buy | Sell | |
Aggregate | ⇗ | ⇒ | ⇘ |
The Australian Dollar has been trading in a medium-scale triangle against the US Dollar. The lower boundary of the triangle was touched on April 9. A breakout occurred through the upper border during the early hours of Friday's trading session.
Given that a breakout occurred, the currency pair could be set for a long-term movement to the upside. Meanwhile, the 55– hour simple moving average was providing support for the pair at 0.7759.
The movement of the AUD/USD currency exchange rate could continue heading north during the following trading session until it encounters a resistance formed by the monthly R1 at 0.7851.