| Positions | Today | Yesterday | Change |
|---|---|---|---|
| Longs | 74% | 72% | 3.0% |
| Shorts | 26% | 28% | -8.5% |
| Indicator | 4H | 1D | 1W |
| MACD(12;26;9) | Sell | Sell | Sell |
| RSI(14) | Buy | Buy | Buy |
| Stochastic(5;3;3) | Neutral | Buy | Neutral |
| Alligator(13;8;5) | Sell | Sell | Sell |
| SAR(0.02;0.2) | Sell | Sell | Sell |
| Aggregate | ⇘ | ⇒ | ⇘ |
The Australian Dollar has continued to edge lower against the US Dollar since Friday's trading session. The currency pair declined by 181 basis points or 2.87% in value on Friday.
The exchange rate is presently trading near the bottom border of the descending channel pattern and could be set for a breakout.
If this breakout occurs, a decline towards the weekly S3 at 0.6027 could be expected within this session.
However, if the channel pattern holds, the currency exchange rate could make a brief pullback towards the weekly pivot point at 0.6330 today.