Positions | Today | Yesterday | Change |
Longs | 65% | 71% | -9.2% |
Shorts | 35% | 29% | 17.1% |
Indicator | 4H | 1D | 1W |
MACD(12;26;9) | Buy | Sell | Sell |
RSI(14) | Neutral | Neutral | Neutral |
Stochastic(5;3;3) | Neutral | Neutral | Neutral |
Alligator(13;8;5) | Buy | Neutral | Sell |
SAR(0.02;0.2) | Buy | Buy | Buy |
Aggregate | ⇗ | ⇒ | ⇒ |
The Australian Dollar appreciated about 48 base points against the US Dollar on Monday. The currency pair was supported by a cluster formed by the weekly pivot point and the 100-hour simple moving average at 0.7135.
As for the near future, it is likely that the AUD/USD exchange rate will aim for a re-test of the support cluster as mentioned earlier.
If the cluster holds, bullish traders could push the currency exchange rate towards a weekly resistance level at 0.7201 today.
However, if the currency exchange rate passes the support line, a decline towards the 0.7100 regions could be expected.