| Positions | Today | Yesterday | % Change | |
| Longs | 55% | 64% | -16.36% | |
| Shorts | 45% | 36% | 20.00% | |
| Indicator | 4H | 1D | 1W | |
| MACD (12; 26; 9) | Neutral | Neutral | Sell | |
| RSI (14) | Sell | Neutral | Neutral | |
| Stochastic (5; 3; 3) | Neutral | Buy | Neutral | |
| Alligator (13; 8; 5) | Sell | Sell | Buy | |
| SAR (0.02; 0.2) | Sell | Sell | Buy | |
| Aggregate | ⇘ | ⇒ | ⇒ | |
The Australian Dollar has been bound by a descending channel against the US Dollar since mid-February. The currency pair touched the upper boundary of a dominant channel on February 16 and has since been moving along the channel.
The currency exchange rate has been trading sideways for the second consecutive trading sessions. However, a breakout is expected through the upper boundary within the next 24hours.
Furthermore, if and when the aforementioned scenario occurs, the AUD/USD pair could encounter a resistance set by the weekly pivot point at 0.7791.