| Positions | Today | Yesterday | Change |
|---|---|---|---|
| Longs | 60% | 57% | 6.0% |
| Shorts | 40% | 43% | -9.1% |
| 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 | Buy |
| Aggregate | ⇘ | ⇘ | ⇗ |
The AUD/USD currency pair reversed from a resistance cluster formed by the weekly pivot point and the 50– hour SMA at 0.7713 on Monday. As a result, the Aussie fell by 70 pips or 0.91% against the Greenback during Monday's trading session.
All things being equal, the exchange rate could continue to edge lower in a descending channel pattern. Sellers are likely to target the weekly support level at 0.7589 within this session.
A possible upside reversal could occur from the weekly S1 at 0.7589 during the following trading session.