| Positions | Today | Yesterday | Change |
|---|---|---|---|
| Longs | 58% | 50% | 13.0% |
| Shorts | 42% | 50% | -17.7% |
| Indicator | 4H | 1D | 1W |
| MACD(12;26;9) | Buy | Buy | Sell |
| RSI(14) | Neutral | Neutral | Neutral |
| Stochastic(5;3;3) | Buy | Neutral | Neutral |
| Alligator(13;8;5) | Buy | Buy | Sell |
| SAR(0.02;0.2) | Sell | Buy | Sell |
| Aggregate | ⇗ | ⇗ | ⇘ |
The Australian Dollar depreciated about 35 base points against the US Dollar on Tuesday. The decline could be considered to be a brief retracement from the upper boundary of an ascending channel pattern.
The exchange rate is currently testing a support level formed by the bottom border of the channel pattern and the 100-hour simple moving average near 0.7010.
If this support line holds, the currency exchange rate will continue its upside movement today.
However, if the AUD/USD pair breaks the ascending channel pattern, bearish traders could aim for the 0.6961 are within this session.