| Indicator | 4H | 1D | 1W |
| MACD (12; 26; 9) | Buy | Buy | Buy |
| RSI (14) | Neutral | Neutral | Neutral |
| Stochastic (5; 3) | Neutral | Neutral | Sell |
| Alligator (13; 8; 5) | Neutral | Buy | Buy |
| SAR (0.02; 0.2) | Sell | Buy | Buy |
| Aggregate | ⇒ | ⇗ | ⇗ |
The British Pound has been appreciating against the Australian Dollar since early August. This movement began after the currency pair bounced off its lower boundary of a junior ascending channel on August 8.
The bullish momentum has guided the exchange rate higher towards the upper boundary of the junior ascending channel and a five-month high level at the 1.8354 marks.
Given that the 50-, 100-, and 200-hour SMAs are located below the price action, it is likely that the currency exchange rate continues to strengthen during the following trading sessions. The potential target for bear's traders in the short-term could be a support cluster at 1.8068.