| Positions | Today | Yesterday | Change |
|---|---|---|---|
| Longs | 73% | 73% | -0.2% |
| Shorts | 27% | 27% | 0.6% |
| Indicator | 4H | 1D | 1W |
| MACD(12;26;9) | Buy | Sell | Sell |
| RSI(14) | Neutral | Neutral | Neutral |
| Stochastic(5;3;3) | Neutral | Neutral | Buy |
| Alligator(13;8;5) | Neutral | Sell | Sell |
| SAR(0.02;0.2) | Sell | Sell | Sell |
| Aggregate | ⇒ | ⇘ | ⇘ |
The Australian Dollar has declined by 51 basis points or 0.75% in value against the US Dollar since on Monday. A breakout occurred through the lower boundary of an ascending channel pattern during yesterday's trading session.
Given that a breakout had occurred, bears will most likely continue to drive the currency pair lower within this session. The possible target will be near a support level formed by the weekly S1 at 0.6666.
A potential upside reversal could occur from the weekly support level, as mentioned earlier, during the following trading session.