| Positions | Today | Yesterday | Change |
|---|---|---|---|
| Longs | 28% | 28% | 0.3% |
| Shorts | 72% | 72% | -0.1% |
| Indicator | 4H | 1D | 1W |
| MACD(12;26;9) | Buy | Buy | Sell |
| RSI(14) | Sell | Sell | Neutral |
| Stochastic(5;3;3) | Sell | Sell | Neutral |
| Alligator(13;8;5) | Buy | Buy | Neutral |
| SAR(0.02;0.2) | Buy | Buy | Buy |
| Aggregate | ⇒ | ⇒ | ⇒ |
The Australian Dollar surged by 121 basis points or 1.78% against the US Dollar on Tuesday. The currency pair breached the psychological resistance level at 0.6900 on Wednesday morning.
As for the next trading session, the AUD/USD exchange rate could continue to trade bullish. The potential target for bullish traders could be at the resistance level at 0.7000 mark.
However, the currency exchange rate could make a U-turn from the current price level at 0.6938 and aim for the 50– hour simple moving average at 0.6828 within the following trading session.