| Positions | Today | Yesterday | Change |
|---|---|---|---|
| Longs | 42% | 34% | 18.6% |
| Shorts | 58% | 66% | -13.5% |
| Indicator | 4H | 1D | 1W |
| MACD(12;26;9) | Sell | Buy | Buy |
| RSI(14) | Neutral | Neutral | Neutral |
| Stochastic(5;3;3) | Neutral | Buy | Sell |
| Alligator(13;8;5) | Sell | Buy | Buy |
| SAR(0.02;0.2) | Sell | Sell | Buy |
| Aggregate | ⇘ | ⇗ | ⇗ |
The Australian Dollar has declined by 129 basis points or 1.87% against the US Dollar since Friday's trading session. The currency pair was pressured lower by the 50– hour simple moving average.
Most likely, the AUD/USD exchange rate will continue to trade in the descending channel pattern. The potential target for bearish traders would be at the 0.6700 level.
However, a support cluster formed by the monthly R1 and the weekly S1 near 0.6754 could provide support for the currency exchange rate during the following trading session.