| Indicator | 4H | 1D | 1W |
| MACD (12; 26; 9) | Sell | Sell | Buy |
| RSI (14) | Neutral | Neutral | Neutral |
| Stochastic (5; 3) | Buy | Buy | Neutral |
| Alligator (13; 8; 5) | Sell | Sell | Buy |
| SAR (0.02; 0.2) | Sell | Buy | Buy |
| Aggregate | ⇘ | ⇒ | ⇗ |
The EUR/AUD currency pair has revealed a new junior descending channel pattern. The pair re-tested the upper boundary of the descending channel on January 24.
The exchange rate was trading near the bottom border of an ascending channel at 1.5857 during the morning hours of Monday's trading session.
If the common European currency breaks the ascending channel pattern, the next target for bearish traders would be near the weekly S2 at 1.5731.
However, if the support level formed by the lower boundary of the ascending channel pattern holds, the currency exchange rate could aim for a strong resistance level at 1.5965 during the following trading sessions.