| Positions | Today | Yesterday | Change |
|---|---|---|---|
| Longs | 53% | 55% | -3.4% |
| Shorts | 47% | 45% | 3.8% |
| Indicator | 4H | 1D | 1W |
| MACD(12;26;9) | Sell | Sell | Buy |
| RSI(14) | Neutral | Neutral | Neutral |
| Stochastic(5;3;3) | Neutral | Neutral | Neutral |
| Alligator(13;8;5) | Sell | Sell | Buy |
| SAR(0.02;0.2) | Sell | Sell | Sell |
| Aggregate | ⇘ | ⇘ | ⇒ |
The Australian Dollar declined by approximately 60 pips or 0.80% against the US Dollar on Thursday. The currency pair tested the 0.7000 level during yesterday's trading session.
The exchange rate will most likely continue to trade in a narrow descending channel pattern during the following trading session. Bearish traders might aim at the support cluster at 0.6972.
However, given that the currency exchange rate is currently trading near the upper line of the downtrend channel, a breakout might occur within the following trading session.