| Positions | Today | Yesterday | Change |
|---|---|---|---|
| Longs | 54% | 55% | -2.0% |
| Shorts | 46% | 45% | 2.3% |
| Indicator | 4H | 1D | 1W |
| MACD(12;26;9) | Buy | Sell | Buy |
| RSI(14) | Neutral | Neutral | Neutral |
| Stochastic(5;3;3) | Neutral | Neutral | Neutral |
| Alligator(13;8;5) | Buy | Sell | Buy |
| SAR(0.02;0.2) | Sell | Sell | Sell |
| Aggregate | ⇒ | ⇘ | ⇒ |
The Australian Dollar has declined by 43 basis points or 0.61% against the US Dollar since Friday's trading session. The AUD/USD currency pair breached the lower boundary of an ascending channel pattern at 0.7118 during the Asian session on Monday.
Given that a breakout has occurred, bearish traders are likely to continue to pressure the exchange rate lower within this session. The potential target for bears would be at the 0.7080 level.
However, a support cluster near the 0.7096 area could provide support for the currency exchange rate in the shorter term.