| Positions | Today | Yesterday | Change |
|---|---|---|---|
| Longs | 55% | 49% | 10.1% |
| Shorts | 45% | 51% | -12.3% |
| Indicator | 4H | 1D | 1W |
| MACD(12;26;9) | Sell | Buy | Sell |
| RSI(14) | Buy | Neutral | Neutral |
| Stochastic(5;3;3) | Buy | Buy | Neutral |
| Alligator(13;8;5) | Sell | Buy | Sell |
| SAR(0.02;0.2) | Sell | Sell | Sell |
| Aggregate | ⇒ | ⇗ | ⇘ |
On Tuesday, the Australian Dollar declined by 52 pips or 0.71% against the US Dollar. The 50– hour simple moving average pressured the currency pair lower during Tuesday's trading session.
Technical indicators suggest selling signals on the 4H time-frame chart. Most likely, the AUD/USD exchange rate could continue to edge lower during the following trading session.
However, the lower line of a descending channel pattern could provide support for the currency exchange rate within this session.