| Positions | Today | Yesterday | % Change | |
| Longs | 62% | 59% | 4.84% | |
| Shorts | 38% | 41% | -7.89% | |
| Indicator | 4H | 1D | 1W | |
| MACD (12; 26; 9) | Sell | Sell | Sell | |
| RSI (14) | Neutral | Neutral | Neutral | |
| Stochastic (5; 3; 3) | Neutral | Neutral | Neutral | |
| Alligator (13; 8; 5) | Sell | Sell | Sell | |
| SAR (0.02; 0.2) | Sell | Buy | Sell | |
| Aggregate | ⇘ | ⇒ | ⇘ | |
The Australian Dollar has been trading in a two-week ascending channel against the US Dollar. The currency pair tested the lower boundary of the two weeks ascending channel pattern at 0.7087 during the first part of Monday's trading session.
However, after hitting the bottom border of the channel, the exchange rate made a U-turn north. Currently, the pair is trading near the three SMAs at 0.7118.
If the AUD/USD currency pair passes that resistance level, the next target will be near the upper boundary of a one-month descending channel at 0.7140.
On the other hand, if the resistance level holds, bearish traders could aim at the weekly S1 at 0.7087 during the following trading session.