Indicator | 4H | 1D | 1W |
MACD (12; 26; 9) | Sell | Sell | Sell |
RSI (14) | Neutral | Neutral | Neutral |
Stochastic (5; 3) | Neutral | Buy | Neutral |
Alligator (13; 8; 5) | Sell | Sell | Sell |
SAR (0.02; 0.2) | Sell | Sell | Buy |
Aggregate | ⇒ | ⇒ | ⇒ |
The AUD/SGD currency pair continued to trade within the falling wedge pattern. The pair has already reached the psychological level at 0.9600.
Technical indicators for the 1D and 1W time frames suggest that the general direction is expected to remain south. It is likely that the exchange rate targets the lower pattern boundary located in the 0.9300/0.9400 range.
If given pattern does not hold, it is expected that a breakout south occurs within following sessions. A possible downside target is the psychological level at 0.9000.