| Indicator | 4H | 1D | 1W |
|---|---|---|---|
| MACD(12;26;9) | Buy | Buy | Buy |
| RSI(14) | Sell | Sell | Sell |
| Stochastic(5;3;3) | Neutral | Sell | Neutral |
| Alligator(13;8;5) | Buy | Buy | Buy |
| SAR(0.02;0.2) | Buy | Buy | Buy |
| Aggregate | ⇗ | ⇒ | ⇗ |
Since the middle of October, the AUD/SGD currency pair has been trading within an ascending channel.
From a theoretical point of view, it is likely that the exchange rate could continue to extend gains within the predetermined pattern in the medium term. In this case the rate could target the 1.0700 mark by the beginning of April.
Meanwhile, it is unlikely that bears could prevail in the market, and the currency pair could breach the given channel south due to the support provided by the 55-, 100– and 200-period moving averages in the 1.0260/1.03250 range.