| Positions | Today | Yesterday | % Change | |
| Longs | 33% | 32% | 3.03% | |
| Shorts | 67% | 68% | -1.49% | |
| 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) | Sell | Buy | Buy | |
| SAR (0.02; 0.2) | Buy | Buy | Buy | |
| Aggregate | ⇘ | ⇗ | ⇗ | |
Despite being driven by downside risks mid-Thursday, the Aussie managed to reverse its position at the 0.7970 mark. As expected, the subsequent move up was limited by the 200-hour SMA circa 0.8021.
A breakout of the descending channel indicates that the Aussie might accelerate against the US Dollar and therefore surpass the 200-hour SMA. However, it is expected that this momentum northwards might be limited by the weekly PP or the monthly S2 at 0.8042 and 0.8058, respectively.
This assumption is made from the fact that the rate has not left the 0.8040/0.7970 range for the last four trading sessions. Meanwhile, the 55-hour SMA at 0.80 or the 0.7970 should support the rate in case a fall occurs.