| Positions | Today | Yesterday | Change |
|---|---|---|---|
| Longs | 74% | 72% | 2.9% |
| Shorts | 26% | 28% | -8.3% |
| Indicator | 4H | 1D | 1W |
| MACD(12;26;9) | Sell | Sell | Sell |
| RSI(14) | Neutral | Neutral | Neutral |
| Stochastic(5;3;3) | Sell | Neutral | Neutral |
| Alligator(13;8;5) | Sell | Sell | Sell |
| SAR(0.02;0.2) | Buy | Sell | Sell |
| Aggregate | ⇘ | ⇘ | ⇘ |
The Australian Dollar appreciated about 50 base points against the US Dollar on Tuesday. The currency pair tested the upper boundary of a descending channel pattern at 0.6877 during the morning hours of Wednesday's trading session.
Currently, the 100-hour simple moving average provides resistance for the exchange rate at 0.6879.
If the resistance level as mentioned earlier holds, a decline towards the monthly S1 at 0.6848 is likely to occur.
However, if the AUD/USD currency exchange rate breaks the descending channel pattern, the pair might end this week's trading sessions on bullish momentum.