| Indicator | 4H | 1D | 1W |
| MACD (12; 26; 9) | Buy | Sell | Sell |
| RSI (14) | Neutral | Neutral | Neutral |
| Stochastic (5; 3) | Neutral | Neutral | Neutral |
| Alligator (13; 8; 5) | Buy | Sell | Sell |
| SAR (0.02; 0.2) | Buy | Buy | Sell |
| Aggregate | ⇗ | ⇒ | ⇘ |
The AUD/SGD currency pair has been trading in an ascending channel since mid-July. This medium-term pattern allowed the pair to move between two trend-lines, the upper of which was tested last week. Given that the triangle-like formation has diminished the pair's trading range, the rate should soon break out from it.
It looking at the pair's current movement, it has breached the 55-, 100– and 200-period SMAs on both the 1H and 4H time-frames. Thus, it is expected that these lines together with the 55-day SMA help to support the rate, thus leading to a breakout north.
This move should be followed by a surge from the breached trend-line. The next near-term target is the monthly R1 at 1.0234. Conversely, it is unlikely that the pair falls below the monthly S1 and its two-year low at 0.9980.