| Positions | Today | Yesterday | Change |
|---|---|---|---|
| Longs | 71% | 69% | 3.4% |
| Shorts | 29% | 31% | -8.3% |
| Indicator | 4H | 1D | 1W |
| MACD(12;26;9) | Buy | Buy | Sell |
| RSI(14) | Sell | Neutral | Neutral |
| Stochastic(5;3;3) | Sell | Sell | Sell |
| Alligator(13;8;5) | Buy | Buy | Sell |
| SAR(0.02;0.2) | Buy | Buy | Sell |
| Aggregate | ⇒ | ⇗ | ⇓ |
The Australian Dollar continued its movement in a junior descending channel pattern against the US Dollar on Monday. The currency pair declined by 0.44% in value during the previous trading session.
Given that the exchange rate has breached both the 50-, 100– and 200-hour SMAs, a breakout through the lower boundary of the descending channel pattern could occur within this session.
If the breakout occurs, a decline towards a support level formed by the weekly S1 at 0.7000 could be expected today.