Positions | Today | Yesterday | % Change | |
Longs | 71% | 71% | 0.00% | |
Shorts | 29% | 29% | 0.00% | |
Indicator | 4H | 1D | 1W | |
MACD (12; 26; 9) | Neutral | Neutral | Buy | |
RSI (14) | Neutral | Sell | Neutral | |
Stochastic (5; 3; 3) | Buy | Neutral | Buy | |
Alligator (13; 8; 5) | Buy | Sell | Sell | |
SAR (0.02; 0.2) | Buy | Sell | Sell | |
Aggregate | ⇗ | ⇘ | ⇒ |
The Australian Dollar has shown high volatility against the US Dollar today. During this period, the currency pair has reached the lower boundary of a dominant descending channel.
After reaching the 23.60% Fibonacci retracement level, the AUD/USD pair began to decline. A strong bearish momentum took control of the market during the second part of Tuesday's trading session. This retracement can be measured by connecting the low at 0.7473 and the high at 0.7540.
Everything being equal, The currency exchange rate is likely to regain some of its lost positions during the following trading day.