| Indicator | 4H | 1D | 1W |
| MACD (12; 26; 9) | Buy | Buy | Sell |
| RSI (14) | Neutral | Sell | Neutral |
| Stochastic (5; 3) | Sell | Sell | Sell |
| Alligator (13; 8; 5) | Buy | Buy | Sell |
| SAR (0.02; 0.2) | Buy | Buy | Buy |
| Aggregate | ⇗ | ⇒ | ⇘ |
The Australian Dollar was stranded in a six-month channel down against the Singapore Dollar prior to breaching this pattern early January. This breakout occurred after the pair reached the 2017 low of 1.0146 on December 7. As a result, it has since managed to recover some of the previous losses and return at mid-October level.
The Aussie has diminished its trading range in an ascending wedge. Characteristics of this patter suggest that the rate could approach its bottom boundary in the 1.0500/20 area. The rate might even fall down to the 1.0480 mark where the 200-hour SMA and the weekly PP are located.
In case this level is breached, the Aussie might be pushed towards the monthly PP at 1.0360. On the other hand, the pair could be sent towards the monthly R2 at 1.0680 if bulls prevail.