| Positions | Today | Yesterday | Change |
|---|---|---|---|
| Longs | 60% | 58% | 3.0% |
| Shorts | 40% | 42% | -4.4% |
| Indicator | 4H | 1D | 1W |
| MACD(12;26;9) | Sell | Sell | Buy |
| RSI(14) | Neutral | Neutral | Neutral |
| Stochastic(5;3;3) | Buy | Neutral | Buy |
| Alligator(13;8;5) | Sell | Sell | Neutral |
| SAR(0.02;0.2) | Sell | Sell | Sell |
| Aggregate | ⇘ | ⇘ | ⇒ |
On Wednesday, the Australian Dollar declined by 32 pips or 0.42% against the US Dollar. The currency pair breached the weekly support level at 0.7505 during Wednesday's trading session.
Currently, the exchange rate is trading near the lower boundary of a descending channel pattern at 0.7485.
If the channel pattern holds, bullish traders might pressure the AUD/USD pair higher within this session.
However, if the currency exchange rate breaks the descending channel pattern, a decline towards the 0.7440 area could be expected today.