| Indicator | 4H | 1D | 1W |
|---|---|---|---|
| MACD(12;26;9) | Sell | Buy | Sell |
| RSI(14) | Neutral | Neutral | Neutral |
| Stochastic(5;3;3) | Neutral | Buy | Sell |
| Alligator(13;8;5) | Sell | Buy | Neutral |
| SAR(0.02;0.2) | Buy | Sell | Buy |
| Aggregate | ⇒ | ⇗ | ⇒ |
The Australian Dollar has been appreciating against the New Zealand Dollar since the end of March, when the exchange rate reversed from the 1.0300 level.
As apparent on the chart, the rate is trading sideways near the support level—the monthly R2 at 1.0564. Given that the currency pair is pressured by the 55-, 100– and 200-hour SMAs, it is likely, that bears could prevail in the market. A possible downside target is the lower boundary of the long-term descending channel located circa 1.0100.
However, if the given support holds, the pair could target the psychological level at 1.1000.