| Positions | Today | Yesterday | Change |
|---|---|---|---|
| Longs | 26% | 26% | -1.3% |
| Shorts | 74% | 74% | 0.5% |
| Indicator | 4H | 1D | 1W |
| MACD(12;26;9) | Buy | Buy | Buy |
| RSI(14) | Neutral | Sell | Sell |
| Stochastic(5;3;3) | Neutral | Sell | Sell |
| Alligator(13;8;5) | Buy | Buy | Buy |
| SAR(0.02;0.2) | Buy | Buy | Buy |
| Aggregate | ⇗ | ⇒ | ⇒ |
The Australian Dollar surged by 39 basis points or 0.54% against the US Dollar on Wednesday. The 50– hour simple moving average provided support for the currency pair during Wednesday's trading session.
Technical indicators flash buying signals on all time-frame charts. Therefore, the exchange rate could continue to surge in an ascending channel pattern within this session.
However, the currency exchange rate could make a retracement towards the 200– hour simple moving average at 0.7114 today.