| Indicator | 4H | 1D | 1W |
| MACD (12; 26; 9) | Sell | Sell | Buy |
| RSI (14) | Buy | Buy | Neutral |
| Stochastic (5; 3) | Sell | Neutral | Sell |
| Alligator (13; 8; 5) | Sell | Sell | Buy |
| SAR (0.02; 0.2) | Sell | Sell | Sell |
| Aggregate | ⇘ | ⇒ | ⇒ |
In the end of previous trading session the currency exchange rate made a breakout from the falling wedge pattern.
However, as traders looked for safe haven assets, the pair ended up below the monthly S2 located at the 85.1950 level.
The valuable result is that during the fall it managed to form a junior descending channel.
At the moment, rapid recovery of the Aussie seems unlikely, as path to the north is secured by a combination of the above monthly S2 and the falling 55-hour SMA.
In the meantime, the pair faces no obstacles from the opposite direction up until the weekly S1 at 83.9790. In addition to that, the rate is fluctuating in a medium-term downtrend and is gradually heading towards the bottom boundary of a dominant ascending channel.