| Indicator | 4H | 1D | 1W |
|---|---|---|---|
| MACD(12;26;9) | Buy | Buy | Sell |
| RSI(14) | Neutral | Neutral | Neutral |
| Stochastic(5;3;3) | Neutral | Neutral | Neutral |
| Alligator(13;8;5) | Buy | Buy | Sell |
| SAR(0.02;0.2) | Sell | Buy | Buy |
| Aggregate | ⇒ | ⇗ | ⇒ |
[ANNOUNCE]The common European currency surged by 1.51% against the Australian Dollar during last week's trading sessions. The currency pair breached the 50– and 200– period SMAs last week.[/ANNOUNCE]
All things being equal, the exchange rate could continue to edge higher during the following trading sessions. The potential target for the EUR/AUD pair will be near the weekly R2 at 1.5838.
However, a resistance level at 1.5679 could provide resistance for the currency exchange rate within this week's trading sessions.