Positions | Today | Yesterday | % Change | |
Longs | 56% | 54% | 3.57% | |
Shorts | 44% | 46% | -4.55% | |
Indicator | 4H | 1D | 1W | |
MACD (12; 26; 9) | Buy | Buy | Sell | |
RSI (14) | Neutral | Neutral | Neutral | |
Stochastic (5; 3; 3) | Neutral | Neutral | Neutral | |
Alligator (13; 8; 5) | Buy | Buy | Sell | |
SAR (0.02; 0.2) | Buy | Buy | Buy | |
Aggregate | ⇗ | ⇗ | ⇒ |
The Australian Dollar appreciated about 66 base points against the US Dollar on Wednesday. The currency pair breached both the 200-hour SMA and the weekly PP near 0.7238 during the previous session.
However, after the exchange rate pierced the upper boundary of a triangle pattern at 0.7294 during the first part of today's session, the pair began to decline.
Currently, the rate is moving towards a support cluster formed by the 200-hour simple moving average and the weekly pivot point at 0.7238.
If this support cluster holds, the AUD/USD currency exchange rate will aim for a re-testes of the upper border of the triangle pattern today.