| Positions | Today | Yesterday | % Change | |
| Longs | 32% | 33% | -3.13% | |
| Shorts | 68% | 67% | 1.47% | |
| Indicator | 4H | 1D | 1W | |
| MACD (12; 26; 9) | Sell | Buy | Buy | |
| RSI (14) | Neutral | Neutral | Neutral | |
| Stochastic (5; 3; 3) | Sell | Sell | Sell | |
| Alligator (13; 8; 5) | Sell | Buy | Buy | |
| SAR (0.02; 0.2) | Sell | Buy | 0 | |
| Aggregate | ⇓ | ⇗ | ⇒ | |
After crossing the 200-, 100– and 55-hour SMAs on Monday, it was no surprise when the Aussie breached the lower boundary of the ascending channel.
The rate lingered slightly near this line; however, the hourly plunge which started at 1400GMT provided the necessary downside momentum to fall until the weekly S2 at 0.7954 was reached. Subsequently, the Australian Dollar has recovered most intraday losses and even overcome the 55– and 100-hour SMAs.
Taking into account these latest directional developments, a new channel down was drawn. This formation demonstrates that the rate is approaching its upper boundary, reinforced by the 200-hour SMA circa 0.8020. It is expected that the rate might reach this mark and, subsequently, experience a correction southwards.