AUD/NZD 4H Chart: Trades Sideways

Note: This section contains information in English only.
Source: Dukascopy Bank SA

Indicator 4H 1D 1W
MACD (12; 26; 9) Buy Buy Buy
RSI (14) Neutral Neutral Sell
Stochastic (5; 3) Sell Sell Sell
Alligator (13; 8; 5) Neutral Buy Buy
SAR (0.02; 0.2) Sell Buy Buy
Aggregate

The Australian Dollar has reached the previously expected target of 1.1266, where the monthly second resistance is located at against the New Zealand Dollar. However, after reaching above the resistance level the currency exchange rate retreated back below 1.12 levels. 

Although, the recent sort of unexplainable fluctuations, when properly charted, reveal an almost horizontal channel pattern, which is junior to the channel up pattern discovered last week.

By looking at the pattern, one can expect that the highest level achievable in the near future is the 1.13 mark.

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