| Indicator | 4H | 1D | 1W |
| MACD (12; 26; 9) | Buy | Buy | Buy |
| RSI (14) | Neutral | Neutral | Neutral |
| Stochastic (5; 3) | Neutral | Neutral | Neutral |
| Alligator (13; 8; 5) | Neutral | Buy | Buy |
| SAR (0.02; 0.2) | Sell | Sell | Buy |
| Aggregate | ⇒ | ⇒ | ⇗ |
[ANNOUNCE]The single European currency has been appreciating against the Australian Dollar since mid-August. The rate reversed from the lower boundary of an ascending channel at 1.5598 on August 17.[/ANNOUNCE]
The exchange rate made a U-turn south from a resistance level at 1.6338 on September 11, and currently trading near the bottom border of a one-month ascending channel. From a theoretical point of view, a breakout could be expected within this session.
However, technical indicators suggest that this decline might not be immediate. The currency exchange rate could reverse from a support line at 1.6185 and aim for a re-tests of the monthly R1 at 1.6338 during the following trading sessions.