| Positions | Today | Yesterday | Change |
|---|---|---|---|
| Longs | 70% | 72% | -3.4% |
| Shorts | 30% | 28% | 7.9% |
| Indicator | 4H | 1D | 1W |
| MACD(12;26;9) | Sell | Sell | Sell |
| RSI(14) | Neutral | Neutral | Neutral |
| Stochastic(5;3;3) | Sell | Neutral | Buy |
| Alligator(13;8;5) | Neutral | Sell | Sell |
| SAR(0.02;0.2) | Buy | Buy | Sell |
| Aggregate | ⇒ | ⇒ | ⇘ |
The Australian Dollar has surged by 66 basis points or 0.98% in value against the US Dollar since Tuesday's trading session. The currency pair breached the 200– hour simple moving average at 0.6744 on Wednesday morning.
All things being equal, the AUD/USD exchange rate will target the weekly R1 at 0.6774 within this session.
If the resistance level formed by the weekly R1 holds, a downside reversal could follow in the shorter term.
However, if the currency exchange rate breaks the weekly R1, the pair could end Wednesday's session on bullish sentiment.