| Positions | Today | Yesterday | Change |
|---|---|---|---|
| Longs | 28% | 29% | -5.4% |
| Shorts | 72% | 71% | 2.1% |
| Indicator | 4H | 1D | 1W |
| MACD(12;26;9) | Buy | Buy | Buy |
| RSI(14) | Neutral | Sell | Sell |
| Stochastic(5;3;3) | Sell | Neutral | Sell |
| Alligator(13;8;5) | Buy | Buy | Buy |
| SAR(0.02;0.2) | Buy | Buy | Buy |
| Aggregate | ⇗ | ⇗ | ⇒ |
The Australian Dollar declined by 47 pips or 0.60% against the US Dollar on Wednesday. The decline was stopped by a support cluster formed by the 50-, 100– and 200– hour SMAs at 0.7740 during yesterday's trading session.
Given that the exchange rate has bounced off from the support cluster, bullish traders could continue to pressure the AUD/USD currency pair higher during the following trading session.
However, a resistance line at 0.7780 might provide a barrier for the currency exchange rate within this session.