| Indicator | 4H | 1D | 1W |
|---|---|---|---|
| MACD(12;26;9) | Sell | Buy | Buy |
| RSI(14) | Neutral | Neutral | Neutral |
| Stochastic(5;3;3) | Neutral | Buy | Sell |
| Alligator(13;8;5) | Sell | Buy | Buy |
| SAR(0.02;0.2) | Sell | Sell | Buy |
| Aggregate | ⇘ | ⇗ | ⇗ |
The Australian Dollar has declined by 109 pips or 1.00% against the New Zealand Dollar since January 20. A breakout occurred through the lower line of an ascending channel pattern at 1.0770 during last week's trading sessions.
Given that a breakout has occurred, the AUD/NZD currency pair could continue to edge lower within this week's trading sessions. The potential target for bearish traders would be at the 1.0650 level.
However, the 200– period simple moving average at 1.0699 could provide support for the currency exchange rate this week.