Positions | Today | Yesterday | % Change | |
Longs | 64% | 61% | 4.69% | |
Shorts | 36% | 39% | -8.33% | |
Indicator | 4H | 1D | 1W | |
MACD (12; 26; 9) | Buy | Buy | Sell | |
RSI (14) | Neutral | Neutral | Neutral | |
Stochastic (5; 3; 3) | Buy | Sell | Sell | |
Alligator (13; 8; 5) | Buy | Buy | Sell | |
SAR (0.02; 0.2) | Buy | Buy | Buy | |
Aggregate | ⇑ | ⇗ | ⇘ |
The AUD/USD currency pair remained stable on Thursday, as it was trading near the upper boundary of a dominant descending channel during the previous trading session.
The exchange rate tested a support level formed by the 50-hour simple moving average at 0.7220 during the Asian session on Friday.
If the support line as mentioned above holds, a possible breakout through the upper boundary of the dominant descending channel pattern could be expected.
However, if the currency exchange rate passes the 50-hour SMA, a potential 60 pips movement south is a possibility.