| Positions | Today | Yesterday | Change |
|---|---|---|---|
| Longs | 36% | 37% | -5.5% |
| Shorts | 64% | 63% | 3.1% |
| Indicator | 4H | 1D | 1W |
| MACD(12;26;9) | Sell | Buy | Buy |
| RSI(14) | Neutral | Neutral | Neutral |
| Stochastic(5;3;3) | Neutral | Neutral | Neutral |
| Alligator(13;8;5) | Sell | Neutral | Buy |
| SAR(0.02;0.2) | Buy | Sell | Buy |
| Aggregate | ⇒ | ⇒ | ⇗ |
The Australian Dollar surged by 79 pips or 0.91% against the US Dollar on Friday. The currency pair tested the upper line of a descending channel pattern at 0.7784 during the Asian session on Monday.
Currently, the exchange rate is trading near the upper boundary of the channel pattern and could be set for a breakout.
If the breakout occurs, a surge towards the 0.7840 level could be expected within this session.
However, if the descending channel pattern holds, sellers may pressure the currency exchange rate lower today.