| Indicator | 4H | 1D | 1W |
|---|---|---|---|
| MACD(12;26;9) | Buy | Buy | Sell |
| RSI(14) | Neutral | Neutral | Neutral |
| Stochastic(5;3;3) | Neutral | Sell | Neutral |
| Alligator(13;8;5) | Buy | Buy | Sell |
| SAR(0.02;0.2) | Buy | Buy | Buy |
| Aggregate | ⇗ | ⇗ | ⇒ |
The British pound has surged by 284 pips or 1.58% against the Australian Dollar since last week's trading sessions. The currency pair breached the 50-, 100– and 200– period SMAs last week.
All things being equal, the exchange rate is likely to continue to edge higher during the following trading sessions. The potential target for bulls would be near the 1.8500 level.
However, given that the currency exchange rate is currently trading near the lower boundary of an ascending channel pattern, a breakout could occur within this week's trading sessions.