| Positions | Today | Yesterday | % Change | |
| Longs | 54% | 53% | 1.85% | |
| Shorts | 46% | 47% | -2.17% | |
| Indicator | 4H | 1D | 1W | |
| MACD (12; 26; 9) | Sell | Sell | Buy | |
| RSI (14) | Neutral | Buy | Neutral | |
| Stochastic (5; 3; 3) | Sell | Buy | Sell | |
| Alligator (13; 8; 5) | Sell | Sell | Buy | |
| SAR (0.02; 0.2) | Buy | Sell | Sell | |
| Aggregate | ⇘ | ⇒ | ⇒ | |
Following a reversal from the upper boundary of the junior descending channel early on Tuesday, the Aussie was expected to move south towards its lower boundary.
This prediction, however, did not materialise, as the rate eventually managed to breach through this pattern and the 55– and 100-hour SMAs.
Thus, it seems that the bearish sentiment that has dominated the market for the last three weeks is allaying. By and large, the market has been quite calm during this session. This might be explained by the fact that traders are awaiting for fundamentals both from the US and Australia that are likely to disrupt this lack of volatility.
The nearest resistance is the distant weekly and monthly S1 circa 0.7570, while the upside is limited by the weekly and monthly PPs and the 200-hour SMA at 0.7722.