| Indicator | 4H | 1D | 1W |
|---|---|---|---|
| MACD(12;26;9) | Sell | Buy | Sell |
| RSI(14) | Neutral | Neutral | Neutral |
| Stochastic(5;3;3) | Neutral | Neutral | Neutral |
| Alligator(13;8;5) | Neutral | Neutral | Neutral |
| SAR(0.02;0.2) | Buy | Sell | Buy |
| Aggregate | ⇒ | ⇒ | ⇒ |
The British Pound has declined by 1.73% against the Australian Dollar since April 1. The currency pair tested the lower boundary of an ascending channel pattern during last week's trading sessions.
All things being equal, the exchange rate could continue to edge lower during the following trading sessions. The potential target for the GBP/AUD pair will be near the 1.7800 level.
However, the bottom border of the ascending channel pattern could provide support for the currency exchange rate within this week's trading sessions.