Positions | Today | Yesterday | Change |
Longs | 68% | 67% | 1.0% |
Shorts | 32% | 33% | -2.2% |
Indicator | 4H | 1D | 1W |
MACD(12;26;9) | Sell | Sell | Sell |
RSI(14) | Neutral | Neutral | Neutral |
Stochastic(5;3;3) | Neutral | Neutral | Neutral |
Alligator(13;8;5) | Neutral | Sell | Sell |
SAR(0.02;0.2) | Sell | Sell | Buy |
Aggregate | ⇘ | ⇘ | ⇒ |
During Wednesday's trading session, the Australian Dollar depreciated about 50 base points against the US Dollar. The decline was stopped by a support level formed by the combination of the 50– and 100-hour SMAs at 0.7093.
Thursday's session began with a bullish sentiment. Currently, the exchange rate is testing the 200-hour simple moving average at 0.7133.
If the currency pair passes the 200-hour SMA, the next target for bulls will be at the upper boundary of a descending channel pattern at 0.7169.
However, if the SMA as mentioned above hold, a decline towards a swing low of 0.7060 could be expected.