| 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) | Neutral | Buy | Sell |
| SAR (0.02; 0.2) | Sell | Buy | Buy |
| Aggregate | ⇗ | ⇗ | ⇒ |
The Australian Dollar has been appreciating against the Singapore Dollar since the pair reversed from the lower boundary of a falling wedge located circa 0.9700. As apparent on the chart, the pair breached the falling wedge at the beginning of November.
Currently, the exchange rate is trading in a short-term ascending channel. Given that the currency pair is being supported by the 55-, 100– and 200-period SMAs (4H), it is expected that the rate continues to go upwards. Technical indicators for the short run also support bullish scenario.
Potential upside target is the monthly R3 at 1.0168.