| Indicator | 4H | 1D | 1W |
| MACD (12; 26; 9) | Buy | Buy | Sell |
| RSI (14) | Neutral | Neutral | Neutral |
| Stochastic (5; 3) | Sell | Sell | Sell |
| Alligator (13; 8; 5) | Buy | Buy | Sell |
| SAR (0.02; 0.2) | Buy | Buy | Buy |
| Aggregate | ⇗ | ⇗ | ⇘ |
Following a two-month depreciation against the Chinese Yuan, the US Dollar entered a medium-term recovery period in the result of which the pair formed a channel up. The current wave southwards which began last week resembles another junior channel.
Given characteristics of both patterns, the rate is expected to move sideways or tended slightly south, thus approaching the lower boundaries of both patterns circa 6.64/65. This area is reinforced by the 100-hour SMA and the weekly PP.
Further direction of the pair is dependent on various factors. From one side, the bullish up-trend has lost strength, indicating that the senior channel might be breached to the downside. The US Dollar could nevertheless respect the boundaries of the junior formation until 200-hour SMA near 6.61, at least. On the other hand, bullish sentiment could prevail and push the rate to the upside. Upside target could be set near the 6.74 mark at the monthly R1 and the weekly R2.