| Positions | Today | Yesterday | Change |
|---|---|---|---|
| Longs | 26% | 27% | -2.0% |
| Shorts | 74% | 73% | 0.7% |
| Indicator | 4H | 1D | 1W |
| MACD(12;26;9) | Buy | Buy | Sell |
| RSI(14) | Neutral | Sell | Neutral |
| Stochastic(5;3;3) | Neutral | Neutral | Sell |
| Alligator(13;8;5) | Buy | Buy | Neutral |
| SAR(0.02;0.2) | Buy | Buy | Buy |
| Aggregate | ⇗ | ⇗ | ⇒ |
The Australian Dollar surged by 64 basis point or 0.94% against the US Dollar on Monday. The currency pair was pressured higher by the 50– hour simple moving average during yesterday's trading session.
Technical indicators suggest buying signals. Therefore, the AUD/USD exchange rate would continue to surge in an ascending channel pattern within this session.
However, given that the currency exchange rate has breached the 50– hour SMA, a decline towards the support cluster near the 0.6900 level could be expected during the following trading hours.