| Positions | Today | Yesterday | Change |
|---|---|---|---|
| Longs | 72% | 74% | -2.3% |
| Shorts | 28% | 26% | 6.1% |
| Indicator | 4H | 1D | 1W |
| MACD(12;26;9) | Sell | Sell | Sell |
| RSI(14) | Neutral | Neutral | Neutral |
| Stochastic(5;3;3) | Neutral | Buy | Buy |
| Alligator(13;8;5) | Sell | Sell | Sell |
| SAR(0.02;0.2) | Buy | Sell | Buy |
| Aggregate | ⇒ | ⇘ | ⇒ |
The Australian Dollar appreciated about 0.81% in value against the US Dollar on Monday. The surge was attributed to a surprise victory by the country's conservative government.
Currently, the exchange rate is trading above a resistance cluster formed by the combination of the weekly pivot point and the 100-hour simple moving average at 0.6915.
If this resistance line holds, bulls could aim for the upper boundary of a descending channel pattern at 0.6940 within this session.
However, if the currency exchange rate passes the 100-hour SMA, a decline towards the 0.6886 mark could be expected in the short-term.