Positions | Today | Yesterday | % Change | |
Longs | 48% | 45% | 6.25% | |
Shorts | 52% | 55% | -5.77% | |
Indicator | 4H | 1D | 1W | |
MACD (12; 26; 9) | Buy | Sell | Sell | |
RSI (14) | Neutral | Neutral | Neutral | |
Stochastic (5; 3; 3) | Sell | Sell | Sell | |
Alligator (13; 8; 5) | Buy | Neutral | Sell | |
SAR (0.02; 0.2) | Buy | Buy | Sell | |
Aggregate | ⇗ | ⇒ | ⇓ |
After reaching a six-week high at 0.7567 on Wednesday's trading session, AUD/USD has traded sideways and fluctuated around the 20-hour SMA at 0.7547. The Aussie has respected the boundaries of a channel up since early June. However, it seems that the currency may break this pattern to the downside, as it was unable to gain momentum for a new wave up in this session. Technical indicators favour this bearish outlook, setting a support cluster formed by the lower Bollinger band and the 55-hour SMA circa 0.7430/31 as a more probable target. In case the rate manages to penetrate the 55-hour SMA, the Aussie may demonstrate some further weakness against the Greenback.