| Indicator | 4H | 1D | 1W |
|---|---|---|---|
| MACD(12;26;9) | Buy | Buy | Buy |
| RSI(14) | Neutral | Neutral | Neutral |
| Stochastic(5;3;3) | Neutral | Neutral | Neutral |
| Alligator(13;8;5) | Buy | Buy | Buy |
| SAR(0.02;0.2) | Buy | Buy | Sell |
| Aggregate | ⇗ | ⇗ | ⇒ |
[ANNOUNCE]During last week's trading sessions, the single European currency appreciated about 1.34% in value against the Australian Dollar. The 50-hour simple moving average guided the currency pair upward.[/ANNOUNCE]
Currently, the exchange rate is trading near the upper boundary of an ascending channel pattern at 1.6103 and could be set for a breakout.
If this breakout occurs, a surge towards a swing high of 1.6372 could be expected within this week's trading session.
Although, a resistance cluster formed by the combination of the weekly and the monthly pivot points at 1.6149 could hinder such movement.