| Indicator | 4H | 1D | 1W |
|---|---|---|---|
| MACD(12;26;9) | Sell | Buy | Buy |
| RSI(14) | Neutral | Neutral | Neutral |
| Stochastic(5;3;3) | Neutral | Neutral | Neutral |
| Alligator(13;8;5) | Sell | Buy | Buy |
| SAR(0.02;0.2) | Sell | Buy | Buy |
| Aggregate | ⇘ | ⇗ | ⇗ |
The British Pound has continued to surge in an ascending channel pattern against the Australian Dollar. The currency pair has edged higher by 2.45% in value during the past two weeks.
Everything being equal, the GBP/AUD exchange rate will most likely continue to edge higher in the ascending channel pattern. The pair will likely target the 1.9975 area within this week's trading sessions.
On the other hand, the 50– period simple moving average could pressure the currency exchange rate lower during the following trading sessions.