Positions | Today | Yesterday | % Change | |
Longs | 69% | 71% | -2.90% | |
Shorts | 31% | 29% | 6.45% | |
Indicator | 4H | 1D | 1W | |
MACD (12; 26; 9) | Sell | Sell | Sell | |
RSI (14) | Neutral | Neutral | Neutral | |
Stochastic (5; 3; 3) | Buy | Buy | Neutral | |
Alligator (13; 8; 5) | Sell | Neutral | Sell | |
SAR (0.02; 0.2) | Sell | Buy | Buy | |
Aggregate | ⇘ | ⇒ | ⇒ |
The US Dollar appreciated by 65 pips against the Australian Dollar on Thursday. The pair reversed from a resistance level formed by the 100-hour SMA at 0.7260 and had since reached the bottom border of an ascending channel pattern.
As apparent of the 1(H) chart, the price made a U-turn north at 0.7219 during the morning hours of Friday's session. From a technical position, it is likely that a surge towards a resistance cluster formed by the 50-hour simple moving average and the weekly PP near 0.7245 could happen within this trading day.
However, technical indicators on the 4(H) time frame demonstrate that a slight downside risk is still apparent during the following trading session.