| Indicator | 4H | 1D | 1W |
|---|---|---|---|
| MACD(12;26;9) | Buy | Sell | Sell |
| RSI(14) | Neutral | Neutral | Neutral |
| Stochastic(5;3;3) | Neutral | Sell | Neutral |
| Alligator(13;8;5) | Buy | Sell | Sell |
| SAR(0.02;0.2) | Buy | Buy | Sell |
| Aggregate | ⇗ | ⇘ | ⇘ |
The Australian Dollar continued to depreciate against the Singapore Dollar within the medium-term descending channel. As apparent on the chart, the AUD/SGD exchange rate reversed north from the lower channel line at 0.9296.
From a theoretical perspective, it is expected, that the currency pair would reach the upper channel line located 0.9520/0.9550 range within the following trading sessions. Note, that the rate has to surpass the resistance level—the monthly PP at 0.9467.
If the given channel holds, it is likely, that the general direction could remain south. Otherwise, the pair could breach the given trend north and target the psychological level at 0.9600.