Positions | Today | Yesterday | % Change | |
Longs | 61% | 50% | 18.03% | |
Shorts | 39% | 50% | -28.21% | |
Indicator | 4H | 1D | 1W | |
MACD (12; 26; 9) | Buy | Sell | Sell | |
RSI (14) | Neutral | Neutral | Neutral | |
Stochastic (5; 3; 3) | Sell | Neutral | Sell | |
Alligator (13; 8; 5) | Buy | Neutral | Sell | |
SAR (0.02; 0.2) | Buy | Sell | Sell | |
Aggregate | ⇗ | ⇘ | ⇓ |
The Australian Dollar appreciated about 103 base points against the US Dollar on Friday. The currency pair tested the upper boundary of a junior ascending channel pattern at 0.7200 during the previous trading session.
As for the near future, it is likely that the AUD/USD currency exchange rate makes a brief retracement down towards a support cluster formed by the combination of the weekly and the monthly PPs and the 200-hour simple moving average at 0.7152.
A potential upside reversal from the support level as mentioned above could follow thereafter. Traders should look for opportunities to trade if the support level holds.