| Indicator | 4H | 1D | 1W |
|---|---|---|---|
| MACD(12;26;9) | Buy | Buy | Sell |
| RSI(14) | Neutral | Neutral | Neutral |
| Stochastic(5;3;3) | Sell | Neutral | Neutral |
| Alligator(13;8;5) | Buy | Buy | Sell |
| SAR(0.02;0.2) | Buy | Sell | Sell |
| Aggregate | ⇗ | ⇒ | ⇘ |
The Pound Sterling has surged by 334 pips or 1.87% against the Australian Dollar since October 1. The currency pair bounced off from a support cluster at 1.7979 on October 9.
All things being equal, the exchange rate is likely to continue to edge higher during the following trading sessions. The potential target for bulls would be at the 1.8300 area.
However, the weekly R2 at 1.8257 could provide resistance for the GBP/AUD currency exchange rate within this week's trading sessions.