Indicator | 1D | 1W | 1M |
MACD (12; 26; 9) | Buy | Sell | Sell |
RSI (14) | Neutral | Neutral | Neutral |
Stochastic (5; 3) | Sell | Sell | Sell |
Alligator (13; 8; 5) | Buy | Sell | Sell |
SAR (0.02; 0.2) | Buy | Buy | Buy |
Aggregate | ⇒ | ⇒ | ⇘ |
The Australian Dollar is gradually losing value against the New Zealand Dollar in a long-term descending triangle that started to form in January. However, the final confirmation of its existence happened only in the end of June, when the currency exchange pair created a second reaction low at the 1.0374 level, which represents pattern's lower support line. Currently, the pair is continuing to climb upstairs towards the combined resistance level set up by the triangle's upper trend-line and 50% Fibonacci retracement level of the 2016 high and low levels at 1.0779. Over the last two weeks the 200-hour SMA located at the 1.0616 level proved to be a strong support barrier. For this reason, it is unlikely that the pair might slip below that level before reaching the set target.