| Positions | Today | Yesterday | % Change | |
| Longs | 46% | 42% | 8.70% | |
| Shorts | 54% | 58% | -7.41% | |
| Indicator | 4H | 1D | 1W | |
| MACD (12; 26; 9) | Sell | Sell | Buy | |
| RSI (14) | Buy | Neutral | Neutral | |
| Stochastic (5; 3; 3) | Buy | Sell | Sell | |
| Alligator (13; 8; 5) | Sell | Sell | Buy | |
| SAR (0.02; 0.2) | Sell | Sell | Sell | |
| Aggregate | ⇒ | ⇓ | ⇒ | |
The Australian Dollar was stranded in a narrow range between the monthly S1 and the weekly S3 on Wednesday. The latter, however, was breached shortly early in this session when the rate fell to its three-month low of 0.7680.
The pair is currently trading in two descending channels. The lower boundary of the senior pattern is located in the 0.7560/80 area. This demonstrates that the Kiwi might still edge lower within the upcoming two weeks if this pattern is to remain dominant.
The nearest support is set by the 0.7680 mark, while the next support is the distant monthly S2 at 0.7595. Given that the Aussie has shown reluctance to move past the monthly S1, the rate could either slide lower and remain in the 0.7620/40 territory or trade sideways until the US Advance GDP release tomorrow at 1230GMT.