| Positions | Today | Yesterday | Change |
|---|---|---|---|
| Longs | 74% | 74% | 1.1% |
| Shorts | 26% | 26% | -3.1% |
| Indicator | 4H | 1D | 1W |
| MACD(12;26;9) | Sell | Sell | Sell |
| RSI(14) | Neutral | Buy | Neutral |
| Stochastic(5;3;3) | Neutral | Neutral | Buy |
| Alligator(13;8;5) | Sell | Sell | Sell |
| SAR(0.02;0.2) | Sell | Sell | Sell |
| Aggregate | ⇘ | ⇘ | ⇘ |
Downside risks have been dominating the Australian Dollar against the US Dollar since yesterday's trading session. The currency pair has declined by 75 pips or 1.14% in value during this period.
The exchange rate tested the lower boundary of a descending channel pattern during the morning hours of Friday's trading session. From a theoretical point of view, the AUD/USD pair could edge higher today.
However, given that the currency exchange rate is currently trading near the bottom border of a descending channel pattern, a breakout could occur during the following trading session.