| Indicator | 4H | 1D | 1W |
|---|---|---|---|
| MACD(12;26;9) | Buy | Sell | Buy |
| RSI(14) | Sell | Neutral | Neutral |
| Stochastic(5;3;3) | Sell | Sell | Neutral |
| Alligator(13;8;5) | Buy | Sell | Buy |
| SAR(0.02;0.2) | Buy | Sell | Sell |
| Aggregate | ⇒ | ⇓ | ⇒ |
The British Pound has declined by 4.20% in value against the Australian Dollar since December 17. The currency pair tested the lower boundary of an ascending channel pattern at 1.8716 on December 31.
Everything being equal, the GBP/AUD exchange rate will most likely continue to trade in the ascending channel pattern during the following trading sessions. The potential target will be at the 1.9404 area.
However, technical indicators flash sell signals on the daily time-frame chart. Therefore, the currency exchange rate might continue to edge lower in the near future.