| Indicator | 4H | 1D | 1W |
|---|---|---|---|
| MACD(12;26;9) | Buy | Sell | Sell |
| RSI(14) | Sell | Neutral | Neutral |
| Stochastic(5;3;3) | Sell | Sell | Buy |
| Alligator(13;8;5) | Buy | Sell | Sell |
| SAR(0.02;0.2) | Buy | Buy | Buy |
| Aggregate | ⇒ | ⇘ | ⇒ |
The Australian Dollar has been depreciating against the Singapore Dollar since the middle of April when the currency pair reversed south from the upper boundary of the medium-term descending channel at 0.9745.
As apparent on the chart, the pair has already reversed north from the lower channel line at 0.9465. From a theoretical perspective, it is expected, that some upside potential could prevail in the market, and the exchange rate could target the upper channel line located in the 0.9650/0.9700 range.
However, note, that this advance might not be immediate, as the rate has to surpass the resistance level formed by the monthly PP at 0.9631 mark.