| Indicator | 4H | 1D | 1W |
|---|---|---|---|
| MACD(12;26;9) | Buy | Sell | Buy |
| RSI(14) | Neutral | Neutral | Neutral |
| Stochastic(5;3;3) | Neutral | Neutral | Neutral |
| Alligator(13;8;5) | Buy | Sell | Buy |
| SAR(0.02;0.2) | Buy | Buy | Sell |
| Aggregate | ⇗ | ⇒ | ⇒ |
The DOLLAR.IDX/USD pair bounced off the lower line of an ascending channel pattern at the 92.00 level on September 3. As a result, the dollar index, which measures the US Dollar against a basket of major currencies, has edged higher by 77 pips or 0.84% since last week's trading sessions.
All things being equal, the index could continue to trend bullish during the following trading session. The potential target for buyers would be near the 93.40 area.
However, the exchange rate could reverse from a resistance cluster at the 92.65 level within this session.