| Indicator | 4H | 1D | 1W |
|---|---|---|---|
| MACD(12;26;9) | Sell | Sell | Sell |
| RSI(14) | Neutral | Neutral | Neutral |
| Stochastic(5;3;3) | Neutral | Neutral | Neutral |
| Alligator(13;8;5) | Sell | Sell | Sell |
| SAR(0.02;0.2) | Sell | Sell | Buy |
| Aggregate | ⇘ | ⇘ | ⇒ |
[ANNOUNCE]The British Pound has declined by 1.86% against the Australian Dollar since December 1. The currency pair was pressured lower by the 200– period simple moving average.[/ANNOUNCE]
As for the near future, the exchange rate could continue to decline in a descending channel pattern. Bearish traders are likely to target the 1.7600 level during the following trading sessions.
However, the weekly support level at 1.7867 could provide support for the GBP/AUD currency exchange rate in the shorter term.