| Positions | Today | Yesterday | Change |
|---|---|---|---|
| Longs | 72% | 73% | -0.3% |
| Shorts | 28% | 27% | 0.9% |
| Indicator | 4H | 1D | 1W |
| MACD(12;26;9) | Sell | Sell | Sell |
| RSI(14) | Buy | Buy | Neutral |
| Stochastic(5;3;3) | Buy | Buy | Neutral |
| Alligator(13;8;5) | Sell | Sell | Sell |
| SAR(0.02;0.2) | Sell | Sell | Sell |
| Aggregate | ⇒ | ⇒ | ⇘ |
During Monday's trading session, the Australian Dollar depreciated about 33 base points against the US Dollar. The decline was stopped by a support level formed by the monthly S1 at 0.6848 during yesterday's trading session.
The exchange rate was trading near the bottom border of a narrow descending channel pattern at 0.6840 and could be set for a breakout.
If the breakout occurs, the AUD/USD currency pair will continue to decline in the shorter term.
However, if the narrow descending channel holds, bullish traders could target a resistance level formed by the 50-hour SMA at 0.6870 within this session.