| Positions | Today | Yesterday | Change |
|---|---|---|---|
| Longs | 74% | 70% | 5.0% |
| Shorts | 26% | 30% | -14.2% |
| Indicator | 4H | 1D | 1W |
| MACD(12;26;9) | Buy | Buy | Sell |
| RSI(14) | Neutral | Neutral | Neutral |
| Stochastic(5;3;3) | Neutral | Neutral | Neutral |
| Alligator(13;8;5) | Buy | Neutral | Neutral |
| SAR(0.02;0.2) | Sell | Sell | Buy |
| Aggregate | ⇒ | ⇒ | ⇒ |
The Australian Dollar has surged about 38 basis points against the US Dollar since yesterday's trading session. The currency pair tested the 38.20% Fibonacci retracement level at 0.6920 during the morning hours of Thursday's session.
The exchange rate will likely continue to surge today. A potential breakout through the upper boundary of a descending channel pattern could occur.
If this breakout occurs, a surge towards the 61.80% Fibonacci level at 0.6962 could be expected.
Though, technical indicators suggest that the pair might trade sideways within this session.