| Positions | Today | Yesterday | % Change | |
| Longs | 57% | 59% | -3.51% | |
| Shorts | 43% | 41% | 4.65% | |
| Indicator | 4H | 1D | 1W | |
| MACD (12; 26; 9) | Buy | Buy | Sell | |
| RSI (14) | Neutral | Neutral | Neutral | |
| Stochastic (5; 3; 3) | Sell | Sell | Sell | |
| Alligator (13; 8; 5) | Buy | Neutral | Sell | |
| SAR (0.02; 0.2) | Buy | Buy | Sell | |
| Aggregate | ⇗ | ⇒ | ⇓ | |
Following three days of trading in a narrow range, the Australian Dollar was unable to breach this lack of momentum on Wednesday and even reduced its volatility. As a result, the rate remained fluctuating around the 55– and 100-hour SMAs for the second consecutive session.
This lack of movement changed mid-session after the US reported weaker-than-expected Final GDP data. The Aussie strengthened immediately against its American counterpart up to the 0.7688 mark.
Meanwhile, the pair breaching a symmetrical triangle might suggest that further advance is expected. Technical indicators, however, favour an opposing scenario.
In the short term, the pair might continue trading sideways, being supported by the aforementioned 0.7667 area.