| Positions | Today | Yesterday | Change |
|---|---|---|---|
| Longs | 35% | 36% | -3.6% |
| Shorts | 65% | 64% | 1.9% |
| Indicator | 4H | 1D | 1W |
| MACD(12;26;9) | Sell | Buy | Buy |
| RSI(14) | Neutral | Neutral | Neutral |
| Stochastic(5;3;3) | Buy | Neutral | Neutral |
| Alligator(13;8;5) | Sell | Neutral | Buy |
| SAR(0.02;0.2) | Sell | Sell | Buy |
| Aggregate | ⇘ | ⇒ | ⇗ |
The AUD/USD exchange rate rebounded from the support line at 0.7712 during Monday's trading session. As a result, the Australian Dollar surged by 46 pips or 0.59% against the US Dollar on Monday.
Currently, the exchange rate is trading near the upper line of a descending channel pattern and could be set for a breakout.
If the breakout occurs, a surge towards the 0.7800 level could be expected within this session.
However, if the channel pattern holds, bearish traders are likely to pressure the currency exchange rate lower today.