| Indicator | 4H | 1D | 1W |
| MACD (12; 26; 9) | Sell | Buy | Buy |
| RSI (14) | Neutral | Neutral | Neutral |
| Stochastic (5; 3) | Sell | Neutral | Sell |
| Alligator (13; 8; 5) | Sell | Buy | Buy |
| SAR (0.02; 0.2) | Buy | Sell | Buy |
| Aggregate | ⇘ | ⇒ | ⇗ |
The Pound recently encountered a strong resistance cluster against the Australian Dollar. As a result of the bounce off a junior channel down pattern has formed.
First of all it has to be noted that the descending channel most likely is just a representation of a move inside a more dominant pattern. If one looks closely, it can be noticed that the rate had found support in an unidentified support level on September 20.
If that level gets passed the rate should decline down to the weekly S3 at the 1.6715 mark. The move would occur in accordance with the channel down pattern.