| Indicator | 4H | 1D | 1W |
|---|---|---|---|
| MACD(12;26;9) | Sell | Sell | Buy |
| RSI(14) | Neutral | Neutral | Neutral |
| Stochastic(5;3;3) | Neutral | Buy | Neutral |
| Alligator(13;8;5) | Sell | Sell | Buy |
| SAR(0.02;0.2) | Sell | Sell | Buy |
| Aggregate | ⇘ | ⇘ | ⇗ |
The Australian Dollar has depreciated about 2.23% in value against the New Zealand Dollar since November 7. A breakout occurred through the lower boundary of an ascending channel pattern at 1.0749 during last week's trading sessions.
Given that a breakout had occurred, the AUD/NZD will likely continue to decline within this week's trading sessions. The potential target will be near the 1.0553 area.
Although, the currency exchange rate might reverse from the current price level at 1.0635 and aim at a resistance cluster at 1.0729 during the following trading sessions.