| Positions | Today | Yesterday | % Change | |
| Longs | 57% | 58% | -1.75% | |
| Shorts | 43% | 42% | 2.33% | |
| Indicator | 4H | 1D | 1W | |
| MACD (12; 26; 9) | Sell | Sell | Buy | |
| RSI (14) | Neutral | Neutral | Neutral | |
| Stochastic (5; 3; 3) | Sell | Sell | Neutral | |
| Alligator (13; 8; 5) | Sell | Sell | Neutral | |
| SAR (0.02; 0.2) | Sell | Sell | Sell | |
| Aggregate | ⇓ | ⇓ | ⇒ | |
AUD/USD re-confirmed the bottom boundary of a two-week ascending channel on Tuesday.
Subsequently, upside risks prevailed and set the pair for a 41-pip appreciation. As a result, the rate was testing the 200– and 100-hour SMAs and the weekly PP circa 0.7680 by mid-today.
Given the uncertainty of the situation, two possible scenarios should be analysed. First, an upside breakout is likely to give additional strength to bulls and thus push the Aussie up the weekly R1 or the monthly PP at 0.7707 and 0.7728, respectively. This situation should occur if this resistance area is breached in the upcoming hours.
Second, technical indicators suggest the rate might actually fail at moving past the 0.7680 mark and push lower once again. Downside target—the 0.7640 mark.