| Positions | Today | Yesterday | Change |
|---|---|---|---|
| Longs | 27% | 30% | -12.0% |
| Shorts | 73% | 70% | 4.4% |
| 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) | Neutral | Buy | Buy |
| SAR(0.02;0.2) | Buy | Sell | Buy |
| Aggregate | ⇒ | ⇒ | ⇗ |
The Australian Dollar surged by 52 basis points or 0.72% against the US Dollar on Thursday. However, the currency pair surrendered the earlier gains by the end of Thursday's trading session.
The exchange rate is currently trading near a support cluster formed by the 50– and 100– hour SMAs at 0.7274.
If the support cluster holds, a breakout through the upper boundary of a descending channel pattern could occur within this session.
However, if the currency exchange rate breaks the cluster, bears could pressure the price towards the 0.7220 level today.