| Positions | Today | Yesterday | Change |
|---|---|---|---|
| Longs | 75% | 73% | 2.2% |
| Shorts | 25% | 27% | -6.4% |
| Indicator | 4H | 1D | 1W |
| MACD(12;26;9) | Sell | Sell | Sell |
| RSI(14) | Buy | Buy | Neutral |
| Stochastic(5;3;3) | Neutral | Buy | Buy |
| Alligator(13;8;5) | Sell | Sell | Sell |
| SAR(0.02;0.2) | Sell | Sell | Sell |
| Aggregate | ⇘ | ⇒ | ⇘ |
The 50– hour simple moving average guided the Australian Dollar lower against the US Dollar on Thursday. The currency pair declined by 50 pips or 0.74% in value during yesterday's trading session.
The exchange rate is currently trading near the lower boundary of a descending channel pattern and could be set for a breakout.
If this breakout occurs, a decline towards the 0.6650 could be expected within this session.
However, if the descending channel holds, the currency exchange rate could make a slight upward movement during the following trading session.