| 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) | Buy | Buy | Buy |
| SAR(0.02;0.2) | Sell | Buy | Buy |
| Aggregate | ⇒ | ⇗ | ⇗ |
The Australian Dollar surged by 86 pips or 0.80% against the New Zealand Dollar during last week's trading sessions. The currency pair tested the 1.0850 level on March 18.
All things being equal, the exchange rate is likely to continue to edge higher during the following trading sessions. The potential target for the AUD/NZD pair will be near the 1.0950 level.
However, the weekly resistance level at 1.0844 could provide resistance for the currency exchange rate this week.