| Positions | Today | Yesterday | Change |
|---|---|---|---|
| Longs | 36% | 34% | 5.5% |
| Shorts | 64% | 66% | -3.1% |
| Indicator | 4H | 1D | 1W |
| MACD(12;26;9) | Buy | Buy | Buy |
| RSI(14) | Neutral | Neutral | Sell |
| Stochastic(5;3;3) | Neutral | Neutral | Neutral |
| Alligator(13;8;5) | Neutral | Buy | Buy |
| SAR(0.02;0.2) | Sell | Buy | Buy |
| Aggregate | ⇒ | ⇗ | ⇗ |
The Australian Dollar fell by 46 pips or 0.60% against the US Dollar on Thursday. The decline was stopped by the 200– hour simple moving average during yesterday's trading session.
Given that the exchange rate has bounced off from a support cluster formed by the 50– and 200– hour SMAs, bullish traders are likely to continue to pressure the AUD/USD pair higher during the following trading session.
However, the weekly R1 at 0.7803 could provide resistance for the currency exchange rate today.