| Positions | Today | Yesterday | % Change | |
| Longs | 62% | 72% | -16.13% | |
| Shorts | 38% | 28% | 26.32% | |
| 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 | Neutral | Sell | |
| SAR (0.02; 0.2) | Sell | Buy | Sell | |
| Aggregate | ⇘ | ⇒ | ⇘ | |
The Australian Dollar continued to weaken against the US Dollar on Wednesday after the currency pair breached a significant support cluster set by the combination of the weekly and the monthly pivot points near the 0.74 mark.
This bearish momentum continues on Thursday and by the middle of the trading session, the exchange rate has lost 56 base points or 0.76% of its value. Also, the 100– and 200-days SMAs pressurized the pair further south.
Everything being equal, it is likely that the AUD/USD currency exchange rate target the weekly support level at 0.7354 within this session. In addition, technical indicators suggest bears could increase its volatility today.