| Positions | Today | Yesterday | % Change | |
| Longs | 74% | 71% | 4.05% | |
| Shorts | 26% | 29% | -11.54% | |
| Indicator | 4H | 1D | 1W | |
| MACD (12; 26; 9) | Sell | Sell | Sell | |
| RSI (14) | Neutral | Neutral | Neutral | |
| Stochastic (5; 3; 3) | Buy | Sell | Neutral | |
| Alligator (13; 8; 5) | Sell | Sell | Sell | |
| SAR (0.02; 0.2) | Sell | Sell | Sell | |
| Aggregate | ⇘ | ⇓ | ⇘ | |
Despite several attempts to edge lower on Wednesday, the movement of the US Dollar was guided by the 200-hour SMA. As apparent on the chart, the pair has still not reached the upper boundary of a two-month channel down. This is expected to occur today.
A possible test of this line is also supported by the fact that the nearest southern barrier is provided by the 200– and 55-hour SMAs and the monthly S1 which are restricting the pair's movement below the 107.20 mark. This might put upward pressure on the rate just to allow for a test of the senior channel.
Technical indicators are in favour of subsequent bearish pressure that should dominate the market today. Thus, the test of 108.00 could be followed by a decline in price. This, in turn, might mark the beginning of a new wave down during next week.