| Positions | Today | Yesterday | % Change | |
| Longs | 44% | 44% | 0.00% | |
| Shorts | 56% | 56% | 0.00% | |
| 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 | Neutral | Buy | |
| SAR (0.02; 0.2) | Buy | Buy | Buy | |
| Aggregate | ⇘ | ⇒ | ⇗ | |
In line with expectations, the pressure exercised by 100-day SMA shoved the currency rate out of the channel. Nevertheless, as the pattern was additionally backed up by the 200-hour SMA, the pair did not make a fully-fledged breakout.
For this reason, bulls are expected to continue pushing the rate towards the upper trend-line of a junior descending channel that crosses combined resistance level formed by the 100-hour SMA, the weekly PP and the 38.2% Fibonacci retracement level near the 1.1760 mark.
As traders are largely bearish on this currency pair, a breakout to the top seems unlikely. Moreover, the northern side remains protected by the above 100-day SMA.
In this sense, the only thing that could strongly decrease value of the buck would be release of worse than expected American Core Durable Goods Orders data.