| Indicator | 4H | 1D | 1W |
|---|---|---|---|
| MACD(12;26;9) | Buy | Buy | Sell |
| RSI(14) | Neutral | Neutral | Neutral |
| Stochastic(5;3;3) | Buy | Neutral | Neutral |
| Alligator(13;8;5) | Buy | Buy | Neutral |
| SAR(0.02;0.2) | Sell | Buy | Sell |
| Aggregate | ⇗ | ⇗ | ⇘ |
[ANNOUNCE]The common European currency has surged by 2.05% against the Australian Dollar since July 8. The currency pair tested the upper boundary of an ascending channel pattern at 1.5950 during last week's trading sessions.[/ANNOUNCE]
All things being equal, the exchange rate could continue to edge higher during the following trading sessions. A breakout through the upper line of the channel pattern could occur.
However, if the ascending channel holds, the EUR/AUD currency exchange rate will make a pullback towards the 1.5700 level within this week's trading sessions.