| 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) | Sell | Sell | Sell |
| SAR(0.02;0.2) | Buy | Sell | Sell |
| Aggregate | ⇒ | ⇘ | ⇘ |
The dollar index, which measures the US Dollar against a basket of major currencies, declined by 1.13% since last week's trading sessions. The index tested the psychological level at the 96.50 area on July 7.
All things being equal, the DOLLAR.IDX/USD pair could continue to edge higher within this week trading sessions. The potential targets for bearish traders would be at the 96.00 mark.
However, if the psychological level at 96.50 holds, a surge towards the 200– period simple moving average could be expected in the shorter term.