| Indicator | 4H | 1D | 1W |
|---|---|---|---|
| MACD(12;26;9) | Sell | Buy | Sell |
| RSI(14) | Neutral | Neutral | Neutral |
| Stochastic(5;3;3) | Neutral | Neutral | Neutral |
| Alligator(13;8;5) | Sell | Buy | Neutral |
| SAR(0.02;0.2) | Buy | Buy | Sell |
| Aggregate | ⇒ | ⇗ | ⇘ |
The dollar index which measures the US Dollar against a basket of major currencies has been appreciating after the pair reversed from the lower boundary of an ascending channel pattern at 97.80 since September 20.
The Dollar.IDX/USD pair is currently stranded between the 55– hour simple moving average at 98.66 and the 100– and 200– period SMAs at 98.41.
Technical indicators suggest bullish signals on the daily time-frame. Therefore, the pair could edge up within this week's trading sessions.
However, a resistance cluster formed by the weekly and the monthly PPs at 98.71 could pressure the par south during the following trading sessions.