| Indicator | 4H | 1D | 1W |
|---|---|---|---|
| MACD(12;26;9) | Buy | Sell | Sell |
| RSI(14) | Neutral | Neutral | Neutral |
| Stochastic(5;3;3) | Neutral | Neutral | Neutral |
| Alligator(13;8;5) | Buy | Neutral | Sell |
| SAR(0.02;0.2) | Buy | Buy | Buy |
| Aggregate | ⇗ | ⇒ | ⇒ |
The British Pound has surged by 1.45% against the Australian Dollar since last week's trading sessions. The currency pair breached the 50– and 200– period SMAs this week.
All things being equal, the exchange rate is likely to continue to edge higher during the following trading sessions. A breakout through the upper line of an ascending channel pattern could occur.
However, bullish traders could encounter a resistance level at the 1.8070 area during this week's trading sessions.