Positions | Today | Yesterday | % Change | |
Longs | 71% | 75% | -5.63% | |
Shorts | 29% | 25% | 13.79% | |
Indicator | 4H | 1D | 1W | |
MACD (12; 26; 9) | Sell | Sell | Sell | |
RSI (14) | Neutral | Buy | Neutral | |
Stochastic (5; 3; 3) | Neutral | Neutral | Buy | |
Alligator (13; 8; 5) | Sell | Sell | Sell | |
SAR (0.02; 0.2) | Sell | Sell | Sell | |
Aggregate | ⇘ | ⇘ | ⇘ |
The Australian Dollar depreciated about 289 base points against the US Dollar on Wednesday. The currency pair tested a psychological support level at the 0.6800 during the previous trading session.
However, the exchange rate began today's trading session with about 130 pips gains. The pair could possibly target a resistance level formed by the 50– and 100-hour SMAs at 0.7007 today.
Although, technical indicators suggest that the currency exchange rate is likely to continue its southern movement during the following trading session.