Positions | Today | Yesterday | % Change | |
Longs | 74% | 75% | -1.35% | |
Shorts | 26% | 25% | 3.85% | |
Indicator | 4H | 1D | 1W | |
MACD (12; 26; 9) | Buy | Sell | Sell | |
RSI (14) | Neutral | Neutral | Neutral | |
Stochastic (5; 3; 3) | Neutral | Neutral | Neutral | |
Alligator (13; 8; 5) | Buy | Neutral | Sell | |
SAR (0.02; 0.2) | Buy | Buy | Sell | |
Aggregate | ⇗ | ⇒ | ⇘ |
The Australian Dollar spent the first half of Monday's session calmly, as the rate was pushed back by the monthly pivot point at 0.7579. Also, the exchange rate has been bouncing between the upper and lower boundaries of a medium-term triangle pattern.
By the middle of the day, a support cluster formed by the combination of the 55– and 100– hour simple moving averages was providing support for the AUD/USD currency pair.
Everything being equal, the currency exchange rate is likely to continue to accelerate within the next trading session. However, technical indicators suggest bearish momentum during this week.