| Indicator | 4H | 1D | 1W |
| MACD (12; 26; 9) | Sell | Sell | Buy |
| RSI (14) | Neutral | Buy | Neutral |
| Stochastic (5; 3) | Sell | Buy | Sell |
| Alligator (13; 8; 5) | Sell | Sell | Buy |
| SAR (0.02; 0.2) | Sell | Sell | Buy |
| Aggregate | ⇘ | ⇒ | ⇒ |
The British Pound is losing value against the Australian Dollar in the short-term descending channel. The pattern started to form after a 281-pip depreciation of the Sterling amid the unexpected outcome of the UK parliamentary elections. For now, the channel has three confirmations from the top and two confirmations from the bottom. At the beginning of this trading day, the pair has bypassed the support level formed by the monthly S2 at 1.6776 and is heading downwards to bottom trend-line of the channel. The only barrier that could prevent the pair to achieve this goal and make a premature rebound is the weekly S1 at 1.6661. In any case, it is likely that the channel will sustain until the rate makes a third confirmation from the bottom.