| Indicator | 4H | 1D | 1W |
|---|---|---|---|
| MACD(12;26;9) | Buy | Sell | Buy |
| RSI(14) | Neutral | Neutral | Neutral |
| Stochastic(5;3;3) | Neutral | Neutral | Buy |
| Alligator(13;8;5) | Buy | Sell | Buy |
| SAR(0.02;0.2) | Buy | Buy | Sell |
| Aggregate | ⇗ | ⇒ | ⇗ |
The Pound Sterling has been gradually gaining strength against the Australian Dollar. The currency pair gained about 0.77% in value during last week's trading sessions.
The exchange rate tested the upper boundary of a narrow descending channel pattern at 1.8226 during Monday's trading session.
If the resistance level formed by the upper border of the channel pattern holds, the pair will continue its downward swing during this week's trading session.
However, if a breakout occurs, a surge towards a resistance cluster formed by the 200-hour SMA and the combination of the weekly and monthly PPs at 1.8426 could be the next target for the currency exchange rate.