Positions | Today | Yesterday | % Change | |
Longs | 40% | 35% | 12.50% | |
Shorts | 60% | 65% | -8.33% | |
Indicator | 4H | 1D | 1W | |
MACD (12; 26; 9) | Sell | Buy | Buy | |
RSI (14) | Neutral | Neutral | Neutral | |
Stochastic (5; 3; 3) | Sell | Sell | Sell | |
Alligator (13; 8; 5) | Sell | Neutral | Buy | |
SAR (0.02; 0.2) | Sell | Sell | Buy | |
Aggregate | ⇓ | ⇒ | ⇗ |
As apparent on the chart, the 55-hour SMA was guiding the Aussie for the whole trading session on Monday, thus leaving the rate slightly above the monthly PP and the 61.8% Fibo late in the evening.
The rate failed to surpass the 55-hour SMA once again this morning and eventually plunged down to the weekly S1 at 0.7879. As a result, the Australian Dollar breached the bottom channel boundary near 0.7900. The rate might reverse near the weekly S1 or slightly lower and try to re-test the monthly PP or the 55-hour SMA.
In case no strong market shakers occur today, the rate could remain in the 0.7880/0.7940 range by mid-Wednesday. However, the US is set to release the CB Consumer Confidence at 1400GMT, as well as the Fed Chair Yellen is scheduled to speak later today at 1645GMT.