Positions | Today | Yesterday | % Change | |
Longs | 40% | 40% | 0.00% | |
Shorts | 60% | 60% | 0.00% | |
Indicator | 4H | 1D | 1W | |
MACD (12; 26; 9) | Buy | Sell | Buy | |
RSI (14) | Neutral | Neutral | Neutral | |
Stochastic (5; 3; 3) | Sell | Sell | Sell | |
Alligator (13; 8; 5) | Buy | Sell | Buy | |
SAR (0.02; 0.2) | Buy | Buy | Sell | |
Aggregate | ⇗ | ⇘ | ⇒ |
Contrary to expectations, the Aussie managed to gather strength against the US Dollar and push through the 55– and 100-hour SMAs on Wednesday. As a result, the upper boundary of the short-term channel was breached.
The Aussie spiked on two occasions and even unsuccessfully tried to push below the 0.7850 mark in this session.
Apart from the 38.2% Fibo, the next resistance is the distant monthly PP at 0.7920. Taking into account signals flashed by technical indicators, downside risks are likely to drive the pair for most of the session, thus leading the pair towards the 200-hour SMA and the 23.8% Fibo at 0.7825. Moreover, additional support along the way circa 0.7850 could hinder the pair from rapid depreciation.