| Indicator | 4H | 1D | 1W |
| MACD (12; 26; 9) | Sell | Sell | Sell |
| RSI (14) | Neutral | Neutral | Neutral |
| Stochastic (5; 3) | Buy | Buy | Sell |
| Alligator (13; 8; 5) | Sell | Sell | Sell |
| SAR (0.02; 0.2) | Buy | Sell | Buy |
| Aggregate | ⇒ | ⇘ | ⇘ |
The Australian Dollar has depreciated substantially against the Singapore Dollar in February. This movement has been bounded by a five-week descending channel. During the past three weeks, however, this bearish momentum has not been so distinctive, as the pair was trading sideways.
Technical indicators suggest that bears should take the upper hand in the market once again and thus send the Australian Dollar for another fall. This scenario should occur if the combined resistance of the 200-hour SMA, the weekly PP and the upper boundary of the dominant channel circa 1.0360 is not breached within the following sessions.
In the meantime, the current period of consolidation suggests that the pair might still continue moving in the current trading range. A possible near-term target in this case would be the 38.20% Fibo retracement near 1.0450.