Positions | Today | Yesterday | % Change | |
Longs | 31% | 38% | -22.58% | |
Shorts | 69% | 62% | 10.14% | |
Indicator | 4H | 1D | 1W | |
MACD (12; 26; 9) | Buy | Buy | Buy | |
RSI (14) | Sell | Sell | Neutral | |
Stochastic (5; 3; 3) | Sell | Sell | Sell | |
Alligator (13; 8; 5) | Buy | Buy | Buy | |
SAR (0.02; 0.2) | Buy | Buy | Buy | |
Aggregate | ⇒ | ⇒ | ⇗ |
During the last trading days, AUD/USD was driven by strong upside momentum, resulting in a 121-pip jump. For most of this appreciation, the Aussie was supported by the 20-hour SMA until mid-today when it crossed the given line. The decrease, however, was not far, as the weekly R2 at 0.7673 halted any further movement south. The breakout of the upper channel boundary on Wednesday suggests that the pair may return circa 0.7610 for a retracement. However, given the big distance, this level is unlikely to happen in the upcoming 24 hours. By and large, the Aussie may depreciate against the US Dollar in the near term, setting the 100-hour SMA at 0.7630 as a possible stopping point. From the upside, the rate is limited by the weekly R1 at 0.7716. This level, however, will change next week.