| Positions | Today | Yesterday | Change |
|---|---|---|---|
| Longs | 71% | 74% | -4.7% |
| Shorts | 29% | 26% | 11.4% |
| Indicator | 4H | 1D | 1W |
| MACD(12;26;9) | Sell | Sell | Sell |
| RSI(14) | Neutral | Buy | Buy |
| Stochastic(5;3;3) | Neutral | Neutral | Neutral |
| Alligator(13;8;5) | Sell | Sell | Sell |
| SAR(0.02;0.2) | Buy | Sell | Sell |
| Aggregate | ⇒ | ⇘ | ⇘ |
The Australian Dollar has appreciated by 257 basis points or 4.49% in value against the US Dollar since yesterday's trading session. A breakout through the upper boundary of a descending channel pattern occurred on Tuesday morning.
Given that a breakout had occurred, the AUD/USD exchange rate will most likely continue its bullish momentum. The pair could target the 0.6150 area within the following trading session.
Although, a resistance level formed by the 200– hour simple moving average at 0.6007 could provide resistance for the currency exchange rate during the following trading hours.