| Positions | Today | Yesterday | Change |
|---|---|---|---|
| Longs | 41% | 42% | -4.8% |
| Shorts | 59% | 58% | 3.3% |
| Indicator | 4H | 1D | 1W |
| MACD(12;26;9) | Sell | Buy | Sell |
| RSI(14) | Neutral | Neutral | Neutral |
| Stochastic(5;3;3) | Neutral | Neutral | Neutral |
| Alligator(13;8;5) | Sell | Buy | Sell |
| SAR(0.02;0.2) | Sell | Sell | Buy |
| Aggregate | ⇘ | ⇒ | ⇒ |
The Australian Dollar declined by 78 pips or 1.20% against the US Dollar on Wednesday. The currency pair tested the lower boundary of a descending channel pattern at 0.6419 during the Asian session on Thursday.
Given that the currency exchange rate is currently trading near the bottom border of the descending channel pattern, a breakout could occur during the following trading session.
However, if the descending channel holds, a surge towards the 50– hour simple moving average at 0.6474 could be expected today.