| Positions | Today | Yesterday | Change |
|---|---|---|---|
| Longs | 38% | 34% | 11.6% |
| Shorts | 62% | 66% | -7.1% |
| Indicator | 4H | 1D | 1W |
| MACD(12;26;9) | Buy | Buy | Buy |
| RSI(14) | Neutral | Neutral | Sell |
| Stochastic(5;3;3) | Sell | Neutral | Neutral |
| Alligator(13;8;5) | Buy | Buy | Buy |
| SAR(0.02;0.2) | Buy | Sell | Buy |
| Aggregate | ⇗ | ⇒ | ⇗ |
The Australian Dollar declined by 132 points or 1.70% against the US Dollar on Wednesday. The currency pair breached the 50-, 100– and 200– hour SMAs during Wednesday's trading session.
As for the near future, the exchange rate could continue to edge lower. A breakout through the lower boundary of a descending channel pattern is likely to occur within this session.
However, if the channel pattern holds, the currency exchange rate could make a pullback towards the 0.7680 area during the following trading session.