| Indicator | 4H | 1D | 1W |
|---|---|---|---|
| MACD(12;26;9) | Buy | Buy | Sell |
| RSI(14) | Neutral | Neutral | Neutral |
| Stochastic(5;3;3) | Neutral | Neutral | Neutral |
| Alligator(13;8;5) | Neutral | Buy | Sell |
| SAR(0.02;0.2) | Buy | Buy | Buy |
| Aggregate | ⇗ | ⇗ | ⇒ |
The AUD/SGD currency pair continued to trade downwards within the falling wedge pattern (4H time-frame chart). As apparent on the chart, the pair has already tested the upper pattern line at 0.9428.
From a theoretical point of view, it is likely that some downside potential could prevail in the market, as the exchange rate should target the lower pattern line located circa 0.9200. If the given pattern holds, it is likely that the general direction is expected to remain south.
However, note that the currency pair is supported by the 200-hour moving average, currently located at 0.9356. Therefore, the possible decline might not be immediate, and the pair could re-test the upper pattern line in the nearest future. If the given pattern does not hold, a breakout north could occur.