| Positions | Today | Yesterday | % Change | |
| Longs | 57% | 54% | 5.26% | |
| Shorts | 43% | 46% | -6.98% | |
| Indicator | 4H | 1D | 1W | |
| MACD (12; 26; 9) | Sell | Sell | Sell | |
| RSI (14) | Neutral | Neutral | Neutral | |
| Stochastic (5; 3; 3) | Buy | Neutral | Neutral | |
| Alligator (13; 8; 5) | Sell | Sell | Sell | |
| SAR (0.02; 0.2) | Sell | Buy | Sell | |
| Aggregate | ⇘ | ⇒ | ⇘ | |
Downside momentum has been dominating the AUD/USD currency pair since August 28. This bearish movement began when the Austrian Dollar hit the upper boundary of a descending channel.
By the middle of Friday's session, the exchange rate has reached a support line formed by the weekly pivot point and the lower boundary of the junior descending channel pattern.
If this support level holds, the Aussie could make a brief retracement towards the 50-hour simple moving average within this session. However, technical indicators favour bearish momentum to continue.