| Positions | Today | Yesterday | Change |
|---|---|---|---|
| Longs | 59% | 63% | -5.4% |
| Shorts | 41% | 37% | 7.9% |
| Indicator | 4H | 1D | 1W |
| MACD(12;26;9) | Sell | Sell | Sell |
| RSI(14) | Neutral | Neutral | Neutral |
| Stochastic(5;3;3) | Neutral | Neutral | Neutral |
| Alligator(13;8;5) | Neutral | Sell | Sell |
| SAR(0.02;0.2) | Sell | Buy | Sell |
| Aggregate | ⇘ | ⇒ | ⇘ |
On Friday, the Australian Dollar declined by 71 pips or 0.97% against the US Dollar. The currency pair breached the 50– and 200– hour SMAs during Friday's trading session.
Currently, the exchange rate is trading near the upper boundary of a descending channel pattern and could be set for a breakout.
If the breakout occurs, a surge towards the resistance level at 0.7340 within Monday's trading session.
However, if the channel pattern holds, bearish traders could drive the currency exchange rate lower today.