| Positions | Today | Yesterday | % Change | |
| Longs | 42% | 39% | 7.14% | |
| Shorts | 58% | 61% | -5.17% | |
| Indicator | 4H | 1D | 1W | |
| MACD (12; 26; 9) | Sell | Sell | Buy | |
| RSI (14) | Buy | Neutral | Neutral | |
| Stochastic (5; 3; 3) | Neutral | Buy | Sell | |
| Alligator (13; 8; 5) | Sell | Sell | Buy | |
| SAR (0.02; 0.2) | Sell | Buy | Sell | |
| Aggregate | ⇘ | ⇒ | ⇒ | |
As apparent on the chart, AUD/USD was testing the weekly S1 and the lower channel boundary circa 0.7780 during most of Tuesday.
This lack of volatility was disrupted early this morning when disappointing Australian CPI released at 0030GMT paved the way for a selling spree. This bearish sentiment continued until mid-day when the rate started to show some signs of a possible recovery, reinforced by strengthening technical indicators.
In general, the strong depreciation of the Australian Dollar during the past two weeks has resulted in the rate reaching the weekly S3. This suggests that a recovery should be apparent soon, most probably during this trading week. The upside target for today is the weekly S1 and the 55-hour SMA circa 0.7780.