| Indicator | 4H | 1D | 1W |
| MACD (12; 26; 9) | Sell | Sell | Buy |
| RSI (14) | Neutral | Neutral | Neutral |
| Stochastic (5; 3) | Sell | Sell | Sell |
| Alligator (13; 8; 5) | Sell | Sell | Buy |
| SAR (0.02; 0.2) | Sell | Sell | Buy |
| Aggregate | ⇓ | ⇓ | ⇗ |
Following a three-month period of no distinct direction, the Aussie started to depreciate against the Singaporean Dollar mid-September.
During the past two trading sessions, the rate has hindered near the 1.0590 mark—a level that intersects with the 61.8% Fibonacci expansion line and the lower boundary of a falling wedge.
The pair is currently stranded between the weekly and monthly S1s from below and the 55-, 100– and 200-hour SMAs and the weekly PP from above circa 1.0560 and 1.0650, respectively. This demonstrates that even though the overall sentiment is largely bullish, there might still be some slight depreciation down to the former (which might actually be a movement sideways rather than a fall).
A falling wedge is a bullish pattern; thus, a breakout should occur to the upside. This might happen near the aforementioned SMAs. However, it is yet unclear how long this area could hold prior to being breached.