| Positions | Today | Yesterday | % Change | |
| Longs | 61% | 58% | 4.92% | |
| Shorts | 39% | 42% | -7.69% | |
| Indicator | 4H | 1D | 1W | |
| MACD (12; 26; 9) | Sell | Buy | Sell | |
| RSI (14) | Neutral | Neutral | Neutral | |
| Stochastic (5; 3; 3) | Neutral | Buy | Neutral | |
| Alligator (13; 8; 5) | Sell | Neutral | Neutral | |
| SAR (0.02; 0.2) | Buy | Sell | Buy | |
| Aggregate | ⇒ | ⇒ | ⇒ | |
The Australian Dollar has been trading within 65 pips range against the US Dollar since the beginning of this week.
The currency pair is trading near the 50– and 100-hour SMAs during the middle of the European trading session on Wednesday. From a theoretical point of view, it is likely that the exchange rate aim north towards the 200-hour simple moving average at 0.7270 today.
However, it is important to note that the AUD/USD currency exchange rate needs to surpass the upper boundary of a descending channel pattern and the monthly pivot point at 0.7244 could hinder the pair from reaching its target.