| 4H | 1D | 1W | |
|---|---|---|---|
| MACD(12;26;9) | Sell | Buy | Buy |
| RSI(14) | Neutral | Neutral | Sell |
| Stochastic(5;3;3) | Neutral | Neutral | Sell |
| Alligator(13;8;5) | Sell | Buy | Buy |
| SAR(0.02;0.2) | Sell | Sell | Buy |
| Aggregate | ⇘ | ⇒ | ⇒ |
Since the middle of December, the AUD/SGD exchange rate has been trading upwards, guided by an ascending trend line.
It is likely that the currency pair could gain support from the 200-period moving average near 1.0160 and continue to trade upwards in the nearest future. The pair could target the psychological level at 1.0700.
In the meantime, note that the exchange rate is pressured by the 55– and 100-period moving averages near 1.0250. Thus, some downside potential could prevail in the market, and the rate could target the Fibo 61.80% at 0.9929.