| Positions | Today | Yesterday | % Change | |
| Longs | 61% | 61% | 0.00% | |
| Shorts | 39% | 39% | 0.00% | |
| Indicator | 4H | 1D | 1W | |
| MACD (12; 26; 9) | Sell | Sell | Sell | |
| RSI (14) | Buy | Neutral | Neutral | |
| Stochastic (5; 3; 3) | Neutral | Sell | Buy | |
| Alligator (13; 8; 5) | Sell | Sell | Sell | |
| SAR (0.02; 0.2) | Sell | Sell | Sell | |
| Aggregate | ⇘ | ⇓ | ⇘ | |
The strong resistance of the 100-, 55– and 200-hour SMAs and the weekly and monthly PPs in the 0.7595/0.7610 area sent the Australian Dollar for a decline on Wednesday. This fall was slightly hindered by not stopped at the weekly S1.
As apparent on the chart, the Aussie had reached its six-month low of 0.7522 and was located near the weekly S2 by mid-Thursday. Thus, the rate had fallen 50-pips after testing the aforementioned resistance cluster.
By and large, it is expected that bears might soon exhaust their strength and allow for a recovery. The scope of this upward movement, however, is yet unclear.
It is likely that the pair is pushed towards the weekly S1 or the bottom boundary of the breached channel at 0.7563 and 0.7581, respectively.