| Indicator | 4H | 1D | 1W |
| MACD (12; 26; 9) | Sell | Sell | Buy |
| RSI (14) | Neutral | Neutral | Neutral |
| Stochastic (5; 3) | Neutral | Neutral | Buy |
| Alligator (13; 8; 5) | Sell | Sell | Buy |
| SAR (0.02; 0.2) | Buy | Buy | Buy |
| Aggregate | ⇒ | ⇒ | ⇑ |
The AUD/NZD currency pair has been moving in a descending channel during the past one month. During this period, the exchange rate tested the lower boundary of a dominant ascending channel.
Presently, the rate is trading near the bottom border of the dominant channel pattern and could be set for a breakout.
Technical indicators favour bullish signals on the weekly time-frame, therefore, a reversal from the border as mentioned above at 1.0900 could be a possibility during the following trading sessions.
Bullish traders could push the rate towards the 200-hour SMA at 1.0967 within this week.