| Indicator | 4H | 1D | 1W |
|---|---|---|---|
| MACD(12;26;9) | Buy | Buy | Buy |
| RSI(14) | Neutral | Neutral | Neutral |
| Stochastic(5;3;3) | Buy | Neutral | Neutral |
| Alligator(13;8;5) | Neutral | Buy | Buy |
| SAR(0.02;0.2) | Sell | Buy | Sell |
| Aggregate | ⇒ | ⇗ | ⇒ |
The single European currency has appreciated about 2.06% in value against the Australian Dollar since November 7. The currency pair tested the weekly R1 at 1.6311 during Friday's trading session.
Currently, the exchange rate is testing a support cluster formed by the 50– and 200– period SMAs at 1.6216.
If the EUR/AUD pair passes the support cluster, a decline towards the psychological level of 1.6100 could be expected within this week's trading sessions.
However, if the 50– and 200– period SMAs hold, bullish traders could continue their dominance in the market in the nearest future.