| Positions | Today | Yesterday | Change |
|---|---|---|---|
| Longs | 37% | 41% | -11.5% |
| Shorts | 63% | 59% | 6.7% |
| Indicator | 4H | 1D | 1W |
| MACD(12;26;9) | Buy | Sell | Buy |
| RSI(14) | Neutral | Neutral | Neutral |
| Stochastic(5;3;3) | Sell | Neutral | Neutral |
| Alligator(13;8;5) | Buy | Sell | Buy |
| SAR(0.02;0.2) | Buy | Buy | Buy |
| Aggregate | ⇗ | ⇒ | ⇗ |
The Australian Dollar surged by 86 pips or 1.13% against the US Dollar on Friday. The currency pair breached the 50-, 100– and 200– hour SMAs during Friday's trading session.
Currently, the exchange rate is trading near the upper line of a descending channel pattern and could be set for a breakout.
If the breakout occurs, bullish traders could target the weekly resistance level at 0.7754 today.
However, if the channel pattern holds, a decline towards the weekly S1 at 0.7599 could be expected today.