| Indicator | 4H | 1D | 1W |
|---|---|---|---|
| MACD(12;26;9) | Sell | Sell | Buy |
| RSI(14) | Neutral | Neutral | Neutral |
| Stochastic(5;3;3) | Neutral | Neutral | Neutral |
| Alligator(13;8;5) | Sell | Sell | Buy |
| SAR(0.02;0.2) | Buy | Sell | Sell |
| Aggregate | ⇒ | ⇘ | ⇒ |
The AUD/SGD currency pair has been trading downwards within a falling wedge pattern since the end of August.
From a theoretical point of view, it is likely that the exchange rate could continue to depreciate within the predetermined pattern in the medium term. Note that the rate could gain support from the Fibo 50.00% at 0.9618.
In the meantime, it is unlikely that bulls could prevail in the market, and the currency pair could exceed the Fibo 61.80% located at the 0.9929 mark.