| Positions | Today | Yesterday | Change |
|---|---|---|---|
| Longs | 64% | 55% | 14.0% |
| Shorts | 36% | 45% | -25.5% |
| Indicator | 4H | 1D | 1W |
| MACD(12;26;9) | Sell | Buy | Sell |
| RSI(14) | Buy | Neutral | Neutral |
| Stochastic(5;3;3) | Buy | Buy | Neutral |
| Alligator(13;8;5) | Sell | Neutral | Sell |
| SAR(0.02;0.2) | Sell | Sell | Sell |
| Aggregate | ⇒ | ⇒ | ⇘ |
The Australian Dollar has continued to trade in a descending channel pattern against the US Dollar. The currency pair depreciated about 52 base points during yesterday's trading session.
The exchange rate was trading near the bottom border of a descending channel pattern at 0.6919 and could be set for a breakout.
If this breakout occurs, a decline towards the 0.6886 area might be expected during the following trading session.
However, if the channel pattern holds, a potential upside reversal will be possible today.