Indicator | 4H | 1D | 1W |
MACD (12; 26; 9) | Sell | Sell | Buy |
RSI (14) | Neutral | Neutral | Neutral |
Stochastic (5; 3) | Neutral | Neutral | Neutral |
Alligator (13; 8; 5) | Sell | Sell | Buy |
SAR (0.02; 0.2) | Buy | Sell | Sell |
Aggregate | ⇘ | ⇒ | ⇗ |
The Australian Dollar has depreciated significantly against the New Zealand Dollar after the currency pair made a U-turn south from the upper boundary of a two-week descending channel at 1.0986 on October 10.
The exchange rate was trading near the bottom border of a long-term ascending channel at 1.0815 and could be set for a breakout during the following trading sessions.
If this breakout occurs, the currency exchange rate will target a swing low at 1.0659 within the coming days.
However, a potential short-term surge towards a resistance cluster formed by the combination of the weekly and the monthly PPs at 1.0844 is expected today.