| Indicator | 4H | 1D | 1W |
| MACD (12; 26; 9) | Sell | Sell | Sell |
| RSI (14) | Neutral | Neutral | Neutral |
| Stochastic (5; 3) | Neutral | Neutral | Neutral |
| Alligator (13; 8; 5) | Sell | Sell | Neutral |
| SAR (0.02; 0.2) | Buy | Sell | Buy |
| Aggregate | ⇒ | ⇘ | ⇒ |
AUD/NZD is trading in several channels simultaneously. The two most important ones which are relevant for determining the pair's direction for the next sessions formed mid-May and early in June.
One of the most recent tests of the former occurred on June 6 when the Aussie reversed from the 50.0% Fibonacci retracement and formed the junior channel.
It is apparent that this short-term pattern and the 100-hour SMA were breached at 1.0740 today. Thus, the rate should target the upper boundary of the aforementioned senior channel circa 1.08. This level is a strong resistance cluster formed by the 38.20% Fibonacci retracement, the monthly PP and the 55-, 100– and 200-period (4H) SMAs.
The Australian Dollar could hinder near the 200-hour SMA and the weekly PP at 1.0760. A successful breakout north should send it towards the 50.00% Fibo and the weekly R2 at 1.09.