| Indicator | 4H | 1D | 1W |
|---|---|---|---|
| MACD(12;26;9) | Buy | Buy | Sell |
| RSI(14) | Sell | Neutral | Neutral |
| Stochastic(5;3;3) | Neutral | Sell | Neutral |
| Alligator(13;8;5) | Buy | Buy | Sell |
| SAR(0.02;0.2) | Buy | Buy | Sell |
| Aggregate | ⇗ | ⇗ | ⇘ |
The Dollar index has been appreciating in an ascending channel pattern since the end of June when the pair reversed from a support level formed by the lower boundary of the channel pattern at 95.50 on June 26.
The Dollar.IDX/USD pair is currently trading near a resistance level set by the weekly R1 at 98.13.
Most likely, the pair could retrace down from the weekly R1 during the following trading sessions.
Moreover, bears might pressure the pair towards a support cluster formed by the 55-hour simple moving average and the weekly and the monthly PPs at 97.21 in within this week's sessions.