| Positions | Today | Yesterday | % Change | |
| Longs | 46% | 58% | -26.09% | |
| Shorts | 54% | 42% | 22.22% | |
| Indicator | 4H | 1D | 1W | |
| MACD (12; 26; 9) | Buy | Buy | Sell | |
| RSI (14) | Sell | Sell | Neutral | |
| Stochastic (5; 3; 3) | Sell | Sell | Sell | |
| Alligator (13; 8; 5) | Buy | Buy | Sell | |
| SAR (0.02; 0.2) | Buy | Buy | Buy | |
| Aggregate | ⇒ | ⇒ | ⇘ | |
Upside risks continue to push the Australian Dollar even higher against its American counter for the fifth consecutive session.
Despite a slight period of consolidation during the second half of Wednesday, the pair was able to gather enough strength to push up to the weekly R2 at 0.7812. Similarly to yesterday, this appreciation was caused by the sluggish performance of the US Dollar which had weakened against a basket of currencies early in this session.
The Aussie, however, failed to reach the upper boundary of the prevailing ascending channel located circa 0.7840. In general, the pair has appreciated substantially during this month.
Thus, the following session might start with bears taking the upper hand and pushing the rate towards 0.7735 and subsequently even lower—down to the 200-hour SMA at 0.7703.