| Indicator | 4H | 1D | 1W |
|---|---|---|---|
| MACD(12;26;9) | Sell | Sell | Sell |
| RSI(14) | Neutral | Neutral | Neutral |
| Stochastic(5;3;3) | Buy | Neutral | Buy |
| Alligator(13;8;5) | Sell | Sell | Sell |
| SAR(0.02;0.2) | Sell | Buy | Sell |
| Aggregate | ⇘ | ⇒ | ⇘ |
Since October 13, the common European currency has declined by 1.69% against the Australian Dollar. The 50– period simple moving average pressured the currency pair lower during last week's trading sessions.
Currently, the exchange rate is trading near the lower boundary of a descending channel pattern and could be set for a breakout.
If the breakout occurs, a decline towards the 1.5200 level could be expected during the following trading sessions.
However, if the channel pattern holds, the currency exchange rate might make a brief retracement towards the 1.5750 area this week.