| Indicator | 4H | 1D | 1W |
|---|---|---|---|
| MACD(12;26;9) | Sell | Sell | Sell |
| RSI(14) | Buy | Buy | Neutral |
| Stochastic(5;3;3) | Neutral | Buy | Neutral |
| Alligator(13;8;5) | Sell | Sell | Neutral |
| SAR(0.02;0.2) | Sell | Sell | Sell |
| Aggregate | ⇘ | ⇒ | ⇘ |
The dollar index has depreciated about 2.22% in value against the US Dollar since October 1. The currency pair breached August 2019 support level at 97.21 during last week's trading sessions.
The Dollar.IDX/USD pair is currently testing a support cluster formed by the monthly S2 and the lower boundary of a descending channel at 96.89.
From a theoretical point of view, a brief retracement towards the 97.93 could be expected within this week's trading sessions.
However, given that the pair is trading near the border of the channel pattern, a breakout could occur in the nearest future.