| Indicator | 4H | 1D | 1W |
|---|---|---|---|
| MACD(12;26;9) | Sell | Sell | Sell |
| RSI(14) | Neutral | Neutral | Neutral |
| Stochastic(5;3;3) | Neutral | Buy | Neutral |
| Alligator(13;8;5) | Sell | Sell | Sell |
| SAR(0.02;0.2) | Buy | Sell | Sell |
| Aggregate | ⇒ | ⇘ | ⇘ |
The dollar index, which measures the US Dollar against a basket of major currencies, has declined by 1.20% since last week's trading sessions. The index hit the 90.00 level on February 22.
All things being equal, the exchange rate could continue to edge lower in a descending channel pattern. Sellers are likely to target the 80.00 level during the following trading sessions.
However, the weekly support level at 89.91 could provide support for the DOLLAR.IDX/USD pair in the shorter term.