| Indicator | 4H | 1D | 1W |
| MACD (12; 26; 9) | Buy | Sell | Sell |
| RSI (14) | Neutral | Neutral | Neutral |
| Stochastic (5; 3) | Sell | Sell | Neutral |
| Alligator (13; 8; 5) | Buy | Sell | Sell |
| SAR (0.02; 0.2) | Buy | Buy | Sell |
| Aggregate | ⇒ | ⇘ | ⇒ |
The AUD/SGD exchange rate has depreciated substantially during the previous two months. This movement has been stranded in a five-month ascending channel whose bottom boundary circa 1.0220 was tested early in March.
The given reversal has allowed the Aussie to approach the upper line of the junior channel. The pair, however, has diminished its trading range, thus forming a wedge-like formation. Characteristics of this pattern point to a possible breakout south. Technical indicators are likewise supportive of a possible decline in the near term.
If this scenario is to occur, the Australian Dollar would continue trading within the bounds of the junior pattern and go for the senior one circa 1.02. In terms of upside potential, the rate might still push for the 1.0380 area today where the weekly R1 and the monthly PP are located.