| Positions | Today | Yesterday | Change |
|---|---|---|---|
| Longs | 70% | 71% | -0.7% |
| Shorts | 30% | 29% | 1.7% |
| Indicator | 4H | 1D | 1W |
| MACD(12;26;9) | Sell | Buy | Sell |
| RSI(14) | Buy | Neutral | Neutral |
| Stochastic(5;3;3) | Neutral | Buy | Neutral |
| Alligator(13;8;5) | Sell | Neutral | Sell |
| SAR(0.02;0.2) | Sell | Sell | Buy |
| Aggregate | ⇘ | ⇒ | ⇒ |
[ANNOUNCE]The decline of the Australian Dollar versus the US Dollar continued during Wednesday's trading session. The currency pair depreciated about 99 base points on Wednesday.[/ANNOUNCE]
The exchange rate is currently trading near the lower boundary of a descending channel pattern at 0.7017 and could be set for a breakout.
If the breakout occurs, the AUD/USD pair will end this week's trading session on a bear market.
However, if the descending channel pattern holds, a surge towards a resistance cluster formed by the50-hour SMA and the weekly S3 at 0.7057 might follow.