| Positions | Today | Yesterday | Change |
|---|---|---|---|
| Longs | 68% | 72% | -6.8% |
| Shorts | 32% | 28% | 14.2% |
| Indicator | 4H | 1D | 1W |
| MACD(12;26;9) | Sell | Sell | Sell |
| RSI(14) | Neutral | Neutral | Neutral |
| Stochastic(5;3;3) | Neutral | Buy | Buy |
| Alligator(13;8;5) | Sell | Sell | Sell |
| SAR(0.02;0.2) | Sell | Sell | Buy |
| Aggregate | ⇘ | ⇘ | ⇒ |
A one-week descending channel pattern has guided the Australian Dollar lower against the US Dollar. The currency pair depreciated by about 70 base points during Wednesday's trading session.
The 50-hour simple moving average was providing resistance for the AUD/USD currency pair at 0.7052 during the first half of today's trading session.
If the exchange rate passes the 50-hour SMA, the next target for bullish traders will be near a swing high of 0.7092.
Although, if the resistance line formed by the 50-hour moving average holds, a decline towards the monthly S1 at 0.7005 could be expected today.