| Positions | Today | Yesterday | Change |
|---|---|---|---|
| Longs | 34% | 34% | -0.9% |
| Shorts | 66% | 66% | 0.5% |
| Indicator | 4H | 1D | 1W |
| MACD(12;26;9) | Buy | Buy | Buy |
| RSI(14) | Neutral | Neutral | Sell |
| Stochastic(5;3;3) | Sell | Neutral | Neutral |
| Alligator(13;8;5) | Buy | Buy | Buy |
| SAR(0.02;0.2) | Buy | Sell | Buy |
| Aggregate | ⇗ | ⇒ | ⇗ |
Australia's Dollar surged by 80 pips or 1.04% against the Greenback on Tuesday. A breakout occurred through the upper boundary of a descending channel pattern at 0.7722 during Tuesday's trading session.
Given that a breakout had occurred, bullish traders are likely to pressure the AUD/USD exchange rate higher during the following trading session. The possible target would be at the weekly R1 at 0.7776.
However, a resistance level at the 0.7760 area could provide resistance for the currency exchange rate within this session.