| Positions | Today | Yesterday | Change |
|---|---|---|---|
| Longs | 28% | 29% | -3.2% |
| Shorts | 72% | 71% | 1.2% |
| Indicator | 4H | 1D | 1W |
| MACD(12;26;9) | Buy | Buy | Buy |
| RSI(14) | Neutral | Neutral | Sell |
| Stochastic(5;3;3) | Neutral | Neutral | Neutral |
| Alligator(13;8;5) | Buy | Buy | Buy |
| SAR(0.02;0.2) | Buy | Sell | Buy |
| Aggregate | ⇗ | ⇒ | ⇗ |
The Australian Dollar declined by 125 pips or 1.71% against the US Dollar on Monday. A breakout occurred through the lower boundary of an ascending channel pattern during yesterday's trading session.
Given that a breakout has occurred, bearish traders could continue to edge lower within this session. The potential target for the AUD/USD pair would be near the 0.7143 level.
However, the monthly support level at 0.7166 could provide support for the currency exchange rate in the short-term.