| Positions | Today | Yesterday | Change |
|---|---|---|---|
| Longs | 29% | 28% | 3.6% |
| Shorts | 71% | 72% | -1.5% |
| Indicator | 4H | 1D | 1W |
| MACD(12;26;9) | Buy | Buy | Buy |
| RSI(14) | Sell | Sell | Neutral |
| Stochastic(5;3;3) | Sell | Sell | Neutral |
| Alligator(13;8;5) | Buy | Buy | Buy |
| SAR(0.02;0.2) | Buy | Buy | Buy |
| Aggregate | ⇒ | ⇒ | ⇗ |
[ANNOUNCE]The Australian Dollar edged higher by 59 pips or 0.82% against the US Dollar on Wednesday. The currency pair tested the upper boundary of an ascending channel pattern during yesterday's trading session.[/ANNOUNCE]
Everything being equal, the exchange rate could continue to trade in the ascending channel within the following trading session. The possible target could be a retest of the upper line of the channel pattern at 0.7184.
However, if the AUD/USD currency exchange rate breaks the ascending channel pattern, the next target for bullish traders would be at the 0.7250 level.