| Positions | Today | Yesterday | Change |
|---|---|---|---|
| Longs | 65% | 59% | 8.4% |
| Shorts | 35% | 41% | -15.4% |
| Indicator | 4H | 1D | 1W |
| MACD(12;26;9) | Sell | Sell | Buy |
| RSI(14) | Neutral | Neutral | Neutral |
| Stochastic(5;3;3) | Neutral | Neutral | Buy |
| Alligator(13;8;5) | Sell | Sell | Neutral |
| SAR(0.02;0.2) | Sell | Sell | Sell |
| Aggregate | ⇘ | ⇘ | ⇒ |
The Australian Dollar grew by 46 pips or 0.61% against the US Dollar on Wednesday. The surge was stopped by the 200– hour simple moving average at 0.7483 during Wednesday's trading session.
As for the near future, the AUD/USD currency pair could continue to edge higher. Bullish traders might target the upper line of a descending channel pattern at 0.7520 within this session.
However, a resistance level formed by the 200– hour SMA at 0.7483 could still provide a barrier for the currency exchange rate during the following trading hours.