| Positions | Today | Yesterday | % Change | |
| Longs | 33% | 33% | 0.00% | |
| Shorts | 67% | 67% | 0.00% | |
| Indicator | 4H | 1D | 1W | |
| MACD (12; 26; 9) | Sell | Buy | Buy | |
| RSI (14) | Neutral | Neutral | Neutral | |
| Stochastic (5; 3; 3) | Sell | Sell | Sell | |
| Alligator (13; 8; 5) | Neutral | Buy | Buy | |
| SAR (0.02; 0.2) | Buy | Buy | Buy | |
| Aggregate | ⇒ | ⇗ | ⇗ | |
Following a breakout of the mediate-term descending channel, the Aussie failed to accelerate against the US Dollar, thus resulting in a narrow movement sideways.
The upward momentum was limited by the weekly PP near the 0.8040 mark, while the downside had been supported by the 55-hour SMA since mid-Friday. The former, however, was recently breached, thus reaching the lower boundary of a newly-drawn channel up. It is not yet clear if the given formation continues to confine the pair.
Taking into account worsening technical indicators, traders might see a fall down to the 0.7970 mark. On the other hand, the greatest resistance is set by the 200-hour SMA near the 0.8020 mark which needs to be surpassed in order to confirm a possible up-trend. Up to now, the rate has failed to remain above this level.