Positions | Today | Yesterday | % Change | |
Longs | 54% | 51% | 5.56% | |
Shorts | 46% | 49% | -6.52% | |
Indicator | 4H | 1D | 1W | |
MACD (12; 26; 9) | Sell | Buy | Sell | |
RSI (14) | Neutral | Neutral | Neutral | |
Stochastic (5; 3; 3) | Neutral | Neutral | Sell | |
Alligator (13; 8; 5) | Sell | Buy | Sell | |
SAR (0.02; 0.2) | Buy | Sell | Buy | |
Aggregate | ⇒ | ⇒ | ⇘ |
The Australian Dollar is trading in a triangle-like formation pattern against the US Dollar. The currency pair tested the upper boundary of the pattern at 0.7279 during Wednesday's session.
A resistance cluster formed by the 50– and 100-hour SMAs at 0.7249 was preventing the bulls from driving the exchange rate higher during the morning hours of Thursday's trading session.
If this cluster holds, a possible breakout through the lower boundary of the triangle pattern could be expected today.