| Indicator | 4H | 1D | 1W |
|---|---|---|---|
| MACD(12;26;9) | Sell | Sell | Buy |
| RSI(14) | Neutral | Neutral | Neutral |
| Stochastic(5;3;3) | Neutral | Neutral | Neutral |
| Alligator(13;8;5) | Sell | Neutral | Buy |
| SAR(0.02;0.2) | Buy | Sell | Buy |
| Aggregate | ⇒ | ⇘ | ⇗ |
The British Pound has continued its decline against the Australian Dollar in a junior ascending channel pattern. The currency pair tested the lower boundary of an ascending channel pattern at 1.8277.
Given that the 50-, 100– and 200-hour simple moving averages are above the price level, and the exchange rate is trading in the new junior descending channel pattern, it is likely that the pair could continue its decline during the following trading session.
The potential downside target for the currency exchange rate will be near the weekly and the monthly pivot points at 1.8160 in the shorter term.