Positions | Today | Yesterday | % Change | |
Longs | 72% | 72% | 0.00% | |
Shorts | 28% | 28% | 0.00% | |
Indicator | 4H | 1D | 1W | |
MACD (12; 26; 9) | Sell | Sell | Sell | |
RSI (14) | Buy | Buy | Neutral | |
Stochastic (5; 3; 3) | Neutral | Buy | Buy | |
Alligator (13; 8; 5) | Sell | Sell | Sell | |
SAR (0.02; 0.2) | Buy | Sell | Sell | |
Aggregate | ⇒ | ⇒ | ⇘ |
The AUD/USD currency pair has been pressured by bears since April 19 which resulted in the rate falling to a four-month low at 0.7556. The decline was temporary stopped by the weekly S2 at 0.7556.
By mid-Thursday, the exchange rate squeezed in between the monthly and the weekly PPs range. It is likely there could be a breakout from the pivot points within this trading session.
Technical indicators favour bears to grow stronger during the following day. In the meantime, the currency exchange rate is likely to continue to decline further south until it reaches support level at 0.7456 formed by the weekly S3.