| Positions | Today | Yesterday | Change |
|---|---|---|---|
| Longs | 39% | 42% | -7.5% |
| Shorts | 61% | 58% | 4.9% |
| Indicator | 4H | 1D | 1W |
| MACD(12;26;9) | Buy | Buy | Sell |
| RSI(14) | Sell | Neutral | Neutral |
| Stochastic(5;3;3) | Sell | Sell | Neutral |
| Alligator(13;8;5) | Buy | Buy | Sell |
| SAR(0.02;0.2) | Buy | Sell | Buy |
| Aggregate | ⇒ | ⇒ | ⇒ |
The Australian Dollar edged higher by 41 basis points or 0.63% against the US Dollar on Monday. The currency pair breached the upper boundary of a descending channel pattern during Monday's trading session.
As for the near future, the AUD/USD exchange rate could continue to surge during the following trading session. The possible target for bullish traders would be near the weekly R2 at 0.6502.
A potential downside reversal could occur from the weekly resistance level, as mentioned above within this session.