| Positions | Today | Yesterday | % Change | |
| Longs | 0% | 72% | #DIV/0! | |
| Shorts | 100% | 28% | 72.00% | |
| Indicator | 4H | 1D | 1W | |
| MACD (12; 26; 9) | Buy | Sell | Sell | |
| RSI (14) | Neutral | Neutral | Buy | |
| Stochastic (5; 3; 3) | Neutral | Sell | Neutral | |
| Alligator (13; 8; 5) | Buy | Sell | Sell | |
| SAR (0.02; 0.2) | Buy | Sell | Sell | |
| Aggregate | ⇗ | ⇓ | ⇘ | |
The Australian Dollar appreciated about 47 base points against the US Dollar on Monday. The exchange rate tested the upper boundary of a one-week ascending channel at 0.7149 during the end of the previous session.
However, after hitting the upper border of the channel, the currency pair made a U-turn south.
By and large, it is likely that the currency exchange rate will continue its downside movement and potentially target the 200-hour simple moving average at 0.7093 within this session.
Although, a support cluster formed by the weekly and the monthly PPs near 0.7105 could hinder the pair from reaching the target today.