| Indicator | 4H | 1D | 1W |
|---|---|---|---|
| MACD(12;26;9) | Sell | Buy | Buy |
| RSI(14) | Neutral | Neutral | Sell |
| Stochastic(5;3;3) | Neutral | Neutral | Neutral |
| Alligator(13;8;5) | Sell | Buy | Buy |
| SAR(0.02;0.2) | Buy | Sell | Buy |
| Aggregate | ⇒ | ⇒ | ⇗ |
The AUD/SGD currency pair has been trading within a rising wedge pattern since the beginning of June.
From a theoretical point of view, it is likely that some upside potential could prevail in the market, and the exchange rate could continue to trade within the given pattern until the beginning of September. Then, a breakout south could follow.
In the meantime, note that the currency pair is pressured by the 55-hour moving average near 0.9850. Thus, a breakout south could occur in the nearest future. In this case the pair could gain support from the Fibo 38.20% at 0.9306.