| Positions | Today | Yesterday | Change |
|---|---|---|---|
| Longs | 53% | 51% | 4.8% |
| Shorts | 47% | 49% | -5.4% |
| Indicator | 4H | 1D | 1W |
| MACD(12;26;9) | Sell | Buy | Sell |
| RSI(14) | Neutral | Neutral | Neutral |
| Stochastic(5;3;3) | Neutral | Buy | Sell |
| Alligator(13;8;5) | Sell | Buy | Sell |
| SAR(0.02;0.2) | Sell | Sell | Buy |
| Aggregate | ⇘ | ⇗ | ⇘ |
The 50– hour simple moving average has pressured the Australian Dollar lower against the US Dollar since yesterday's trading session.
The currency pair is currently trading near a support cluster formed by the monthly pivot point and the weekly S1 at 0.6830.
If the support cluster holds, a potential upside reversal could occur within the following trading session.
However, if the currency exchange rate passes the support line, the next target for a bearish trader will be at the 0.6800 mark.
Meanwhile, technical indicators flash bearish signals on the 4(H) time-frame chart.