AUD/NZD 4H Chart: Prepares for breakout

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

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

[ANNOUNCE]The Australian Dollar has been moving in a descending channel against the New Zealand Dollar since August 10 after the currency pair hit the upper boundary of a downtrend line at 1.1150. The Aussie has lost about 5% of its values since the decline started.[/ANNOUNCE]

The exchange rate was trading near the bottom border of the descending channel pattern at 1.0643 during the morning hours of Friday's session and could be prepared for a breakout.

If this breakout occurs, the next target for the AUD/NZD currency exchange rate will be at a swing low of 1.0550 during the following trading sessions.

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