Indicator | 4H | 1D | 1W |
MACD (12; 26; 9) | Buy | Buy | Sell |
RSI (14) | Sell | Sell | Neutral |
Stochastic (5; 3) | Sell | Sell | Sell |
Alligator (13; 8; 5) | Buy | Buy | Sell |
SAR (0.02; 0.2) | Buy | Buy | Buy |
Aggregate | ⇒ | ⇒ | ⇘ |
The Australian Dollar is appreciating against the New Zealand Dollar in a short-term, narrow, vertical ascending channel. Formation of the channel depicts an exit of the currency exchange rate from the preceding rectangle pattern with the subsequent change of the main trend. By the moment, the pattern has reached already reached a maturity and might be broken in the end of this or beginning of the next week. On the one hand, it is important to note how easily the currency rate has bypassed a combined resistance level set up by the weekly R1 and the monthly R3 near 1.0745. On the other hand, this rapid surge was mostly attributed to Australian fundamental events. This fact explains why the pair did not manage to pass through the weekly R2 at 1.0820 at once.