| Positions | Today | Yesterday | % Change | |
| Longs | 75% | 73% | 2.67% | |
| Shorts | 25% | 27% | -8.00% | |
| Indicator | 4H | 1D | 1W | |
| MACD (12; 26; 9) | Buy | Sell | Sell | |
| RSI (14) | Neutral | Neutral | Neutral | |
| Stochastic (5; 3; 3) | Buy | Neutral | Neutral | |
| Alligator (13; 8; 5) | Neutral | Neutral | Sell | |
| SAR (0.02; 0.2) | Sell | Buy | Sell | |
| Aggregate | ⇒ | ⇒ | ⇘ | |
The previously expected decline of the Australian Dollar against the US Dollar occurred on Wednesday morning. However, before the target area of 0.7750 was reached, the pair lingered horizontally for most part of Tuesday's trading.
After reaching the 0.7750 mark the rate found support and began a surge, which from a technical perspective was caused by the 200-hour simple moving average.
The rebound has provided a reference point for pattern drawing. By using this low level and another previous low a channel down pattern can be mapped. It is likely that this channel will hold its ground because its resistance line is set to be strengthened by the declining 55 and 100-hour simple moving averages.