| Indicator | 4H | 1D | 1W |
|---|---|---|---|
| MACD(12;26;9) | Buy | Buy | Buy |
| RSI(14) | Neutral | Neutral | Neutral |
| Stochastic(5;3;3) | Neutral | Neutral | Neutral |
| Alligator(13;8;5) | Neutral | Buy | Buy |
| SAR(0.02;0.2) | Sell | Sell | Buy |
| Aggregate | ⇒ | ⇒ | ⇗ |
The Australian Dollar has surged by 1.68% against the New Zealand Dollar since July 12. The currency pair tested June 24 swing high at 1.0748 during last week's trading sessions.
Currently, the exchange rate is testing a support level formed by the lower boundary of an ascending channel pattern at 1.0693.
If the support line holds, the AUD/NZD pair will most likely continue to edge higher during this week's trading sessions.
However, if the currency exchange rate breaks the ascending channel pattern, a decline towards the weekly support level at 1.0599 during the following trading sessions.