| Indicator | 4H | 1D | 1W |
| MACD (12; 26; 9) | Sell | Sell | Sell |
| RSI (14) | Neutral | Neutral | Neutral |
| Stochastic (5; 3) | Neutral | Neutral | Neutral |
| Alligator (13; 8; 5) | Sell | Sell | Neutral |
| SAR (0.02; 0.2) | Sell | Sell | Buy |
| Aggregate | ⇘ | ⇘ | ⇒ |
The Australian Dollar has decreased its trading range against the Swiss Franc. This decline started after the currency pair reversed from the upper boundary of an ascending channel at 0.7377.
The exchange rate was trading near a swing low of 0.7100 during the first part of Wednesday's session.
Everything being equal, it is likely that a newly formed junior descending channel pattern could guide the currency exchange rate lower during the following trading session and potentially breach a psychological support level of 0.71.
The possible targets for bearish traders will be near a support cluster at 0.7049.