| Positions | Today | Yesterday | Change |
|---|---|---|---|
| Longs | 72% | 73% | -0.3% |
| Shorts | 28% | 27% | 0.7% |
| Indicator | 4H | 1D | 1W |
| MACD(12;26;9) | Sell | Sell | Sell |
| RSI(14) | Neutral | Neutral | Buy |
| Stochastic(5;3;3) | Neutral | Neutral | Neutral |
| Alligator(13;8;5) | Sell | Sell | Sell |
| SAR(0.02;0.2) | Buy | Sell | Sell |
| Aggregate | ⇒ | ⇘ | ⇘ |
A narrow descending channel pattern is currently pushing the Australian Dollar lower against the US Dollar. The currency pair has declined by 95 pips or 1.45% in value since yesterday's trading session.
The exchange rate will most likely maintain the narrow descending channel pattern within this session. The potential target for the AUD/USD pair will be at the 0.6400 area.
However, given that the currency exchange rate is trading near the upper boundary of the descending channel, a breakout might occur during the following trading session.