| Indicator | 4H | 1D | 1W |
|---|---|---|---|
| MACD(12;26;9) | Buy | Sell | Sell |
| RSI(14) | Neutral | Neutral | Neutral |
| Stochastic(5;3;3) | Neutral | Neutral | Neutral |
| Alligator(13;8;5) | Neutral | Neutral | Sell |
| SAR(0.02;0.2) | Sell | Buy | Buy |
| Aggregate | ⇒ | ⇒ | ⇒ |
The common European currency declined by 1.00% against the Australian Dollar during last week's trading sessions. The currency pair reversed from the 1.5600 level on March 24.
All things being equal, the exchange rate could continue to edge lower during the following trading sessions. The potential target for the EUR/AUD pair will be near the 1.5300 area.
However, a support cluster at the 1.5350 level could provide support for the currency exchange rate in the shorter term.