| Indicator | 4H | 1D | 1W |
|---|---|---|---|
| MACD(12;26;9) | Sell | Sell | Sell |
| RSI(14) | Neutral | Neutral | Neutral |
| Stochastic(5;3;3) | Neutral | Neutral | Buy |
| Alligator(13;8;5) | Sell | Sell | Sell |
| SAR(0.02;0.2) | Sell | Sell | Sell |
| Aggregate | ⇘ | ⇘ | ⇘ |
The Australian Dollar has declined by 1.14% against the New Zealand Dollar since November 13. The currency pair was pressured lower by the 50– period simple moving average during the past two weeks.
Technical indicators suggest selling signals on the 4H, daily and weekly time-frame charts. Therefore, the exchange rate could continue to decline during the following trading sessions. A breakout is likely to occur through the lower boundary of a descending channel pattern.
However, if the channel pattern holds, bullish traders might pressure the currency exchange rate higher during this week's trading sessions.