| Indicator | 4H | 1D | 1W |
|---|---|---|---|
| MACD(12;26;9) | Sell | Buy | Buy |
| RSI(14) | Neutral | Neutral | Neutral |
| Stochastic(5;3;3) | Neutral | Buy | Neutral |
| Alligator(13;8;5) | Sell | Buy | Neutral |
| SAR(0.02;0.2) | Buy | Buy | Buy |
| Aggregate | ⇒ | ⇑ | ⇗ |
The GBP/AUD currency pair depreciated about 241 basis points during last week's trading sessions. The pair tested a support cluster formed by the weekly pivot point and the 100– hour simple moving average at 1.8187 during the Asian session on Tuesday.
Technical indicators flash buy signals daily time frame chart, therefore, the British Pound could edge higher within this week's trading sessions. The potential target for the exchange rate will be near the 1.8450 area.
However, a resistance cluster formed by the 50– hour SMA and the weekly R1 at 1.8367 could provide resistance for the currency exchange rate during the following trading sessions.