| Positions | Today | Yesterday | % Change | |
| Longs | 73% | 74% | -1.37% | |
| Shorts | 27% | 26% | 3.70% | |
| Indicator | 4H | 1D | 1W | |
| MACD (12; 26; 9) | Sell | Neutral | Buy | |
| RSI (14) | Sell | Sell | Neutral | |
| Stochastic (5; 3; 3) | Neutral | Buy | Buy | |
| Alligator (13; 8; 5) | Buy | Sell | Sell | |
| SAR (0.02; 0.2) | Buy | Sell | Sell | |
| Aggregate | ⇒ | ⇘ | ⇒ | |
Bulls managed to regain control of the market on Wednesday. By the end of trading day, the Australian Dollar has accumulated 54 base point, (0.75%) against the US Dollar.
Given that the currency pair has picked up bullish sentiment, it is likely that the rate could breach the upper boundary of a descending channel. In the meantime, the pair was bouncing between SMAs during the European session.
Two predictions are likely to occur within the following trading hours. First, the AUD/USD currency exchange rate might breakout through the upper boundary of the descending channel and continue its upward move. Second, the pair could reverse at 0.7482 and decline further south.