| Positions | Today | Yesterday | % Change | |
| Longs | 56% | 57% | -1.79% | |
| Shorts | 44% | 43% | 2.27% | |
| Indicator | 4H | 1D | 1W | |
| MACD (12; 26; 9) | Sell | Sell | Sell | |
| RSI (14) | Neutral | Neutral | Neutral | |
| Stochastic (5; 3; 3) | Sell | Neutral | Buy | |
| Alligator (13; 8; 5) | Neutral | Sell | Sell | |
| SAR (0.02; 0.2) | Buy | Sell | Sell | |
| Aggregate | ⇒ | ⇘ | ⇘ | |
The Australian Dollar remained relatively unchanged against the US Dollar on Monday, as it was fluctuating between the 55– and 100-hour SMAs.
This lack of momentum changed significantly on Tuesday morning when strong upside risks pushed the rate up to the 0.7580 mark.
The most likely scenario would be a bearish reversal from this area. However, given that the 200-hour SMA and the weekly PP is providing strong support circa 0.7560, the Aussie might fail to collect enough momentum to push below both lines.
As a result, the rate could move towards the upper channel boundary, the monthly PP and the weekly R1 near 0.7610. Meanwhile, the RBA Governor Lowe is set to speak at 2215GMT.