| 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 | ⇗ | ⇘ | ⇑ |
[ANNOUNCE]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.
[/ANNOUNCE]
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.