| Indicator | 4H | 1D | 1W |
| MACD (12; 26; 9) | Sell | Buy | Buy |
| RSI (14) | Neutral | Neutral | Neutral |
| Stochastic (5; 3) | Neutral | Neutral | Neutral |
| Alligator (13; 8; 5) | Sell | Buy | Buy |
| SAR (0.02; 0.2) | Sell | Sell | Buy |
| Aggregate | ⇒ | ⇒ | ⇒ |
The Australian Dollar has been guided by three months ascending channel against the New Zealand Dollar. This channel was formed on April 18 and has since driven the currency pair higher.
The exchange rate has moved closer to the upper boundary of a descending channel and could be set for a breakout during the following trading sessions. However, the pair needs to surpass a resistance set by the 55– and 100-hour simple moving average at 1.0915.
Technical indicators suggest bearish sentiment on the 4H time-frame, this could indicate that the upside momentum might not prevail today.