| Positions | Today | Yesterday | % Change | |
| Longs | 57% | 56% | 1.75% | |
| Shorts | 43% | 44% | -2.33% | |
| Indicator | 4H | 1D | 1W | |
| MACD (12; 26; 9) | Sell | Sell | Sell | |
| RSI (14) | Neutral | Neutral | Neutral | |
| Stochastic (5; 3; 3) | Neutral | Neutral | Buy | |
| Alligator (13; 8; 5) | Sell | Sell | Sell | |
| SAR (0.02; 0.2) | Sell | Buy | Sell | |
| Aggregate | ⇘ | ⇒ | ⇘ | |
Upside risk prevailed in the market on Friday, thus sending the Australian Dollar to surged about 82 base points against the US Dollar.
The currency pair breached the upper boundary of a medium-term descending channel pattern at 0.7095 during the first part of Monday's trading session. Currently, the 200-hour simple moving average at 0.7095 is providing support for the rate.
If this support line holds, the exchange rate could target the weekly R1 at 0.7142 within this session.
However, If the price passes that support level as mentioned above, the currency exchange rate will continue its downside momentum during the following trading session.