| Positions | Today | Yesterday | Change |
|---|---|---|---|
| Longs | 62% | 67% | -7.5% |
| Shorts | 38% | 33% | 12.3% |
| Indicator | 4H | 1D | 1W |
| MACD(12;26;9) | Buy | Sell | Sell |
| RSI(14) | Neutral | Neutral | Neutral |
| Stochastic(5;3;3) | Sell | Neutral | Neutral |
| Alligator(13;8;5) | Neutral | Neutral | Sell |
| SAR(0.02;0.2) | Buy | Sell | Buy |
| Aggregate | ⇒ | ⇘ | ⇒ |
The Australian Dollar appreciated about 49 base points against the US Dollar on Friday. The currency pair breached both the 100– and 200-hour SMAs during Friday's trading session.
The exchange rate was testing the upper boundary of a descending channel pattern at 0.7126 during the morning hours of today's trading session.
If the resistance level formed by the upper band of the descending channel holds, a decline towards the weekly pivot point at 0.7103 could be expected within this session.
However, if the currency exchange rate passes the resistance line, a surge towards the weekly R1 at 0.7143 will be the next targets for bulls.