| Indicator | 4H | 1D | 1W |
|---|---|---|---|
| MACD(12;26;9) | Buy | Sell | Buy |
| RSI(14) | Neutral | Neutral | Neutral |
| Stochastic(5;3;3) | Neutral | Neutral | Buy |
| Alligator(13;8;5) | Buy | Sell | Buy |
| SAR(0.02;0.2) | Buy | Sell | Buy |
| Aggregate | ⇗ | ⇘ | ⇑ |
The Australian Dollar declined by 101 pips or 0.93% against the New Zealand Dollar last week. The 200– period simple moving average provided resistance for the currency pair during last week's trading sessions.
Technical indicators suggest buying signals on the weekly time-frame chart. Most likely, the exchange rate could edge higher during this week's trading sessions. A breakout through the upper line of a descending channel pattern could occur.
However, if the channel pattern holds, the currency exchange rate could take a dive this week.