| Indicator | 4H | 1D | 1W |
|---|---|---|---|
| MACD(12;26;9) | Sell | Buy | Sell |
| RSI(14) | Neutral | Neutral | Neutral |
| Stochastic(5;3;3) | Sell | Neutral | Neutral |
| Alligator(13;8;5) | Sell | Buy | Sell |
| SAR(0.02;0.2) | Sell | Buy | Sell |
| Aggregate | ⇓ | ⇗ | ⇘ |
The Dollar index has edged lower by 0.85% in value since last week's trading sessions. The pair breached the lower boundary of an ascending channel pattern at 97.74 on August 23.
The Dollar.IDX/USD pair bounced off a support level, formed by the 200– period simple moving average at 97.50 on August 26.
The pair will most likely aim for a resistance level at 98.71 during the following trading sessions.
However, technical indicators suggest bearish momentum on the 4(H) time-frame chart.