| Positions | Today | Yesterday | Change |
|---|---|---|---|
| Longs | 31% | 40% | -30.5% |
| Shorts | 69% | 60% | 13.7% |
| Indicator | 4H | 1D | 1W |
| MACD(12;26;9) | Sell | Buy | Buy |
| RSI(14) | Neutral | Neutral | Neutral |
| Stochastic(5;3;3) | Neutral | Neutral | Sell |
| Alligator(13;8;5) | Sell | Buy | Buy |
| SAR(0.02;0.2) | Sell | Sell | Buy |
| Aggregate | ⇘ | ⇒ | ⇗ |
The Australian Dollar declined by 120 pips or 1.84% against the US Dollar on Tuesday. The currency pair breached the 50-, 100– and 200– hour SMAs during yesterday's trading session.
Most likely, the exchange rate will continue to edge lower during the following trading session. A breakout could occur through the lower boundary of an ascending channel pattern.
However, if the ascending channel pattern holds, bullish traders could pressure the price higher within this session.