| Indicator | 4H | 1D | 1W |
|---|---|---|---|
| MACD(12;26;9) | Sell | Sell | Sell |
| RSI(14) | Neutral | Buy | Neutral |
| Stochastic(5;3;3) | Buy | Neutral | Buy |
| Alligator(13;8;5) | Sell | Sell | Sell |
| SAR(0.02;0.2) | Sell | Buy | Sell |
| Aggregate | ⇘ | ⇒ | ⇘ |
The Australian Dollar has been depreciating in a narrow descending channel pattern against the New Zealand Dollar since the beginning of November. The currency pair has declined by 4.25% in value during this period.
All things being equal, the AUD/NZD exchange rate will likely continue to trade south within this week's trading sessions. The potential target for the pair will be near the lower boundary of the channel pattern at 1.0295.
However, the currency exchange rate will most likely make a U-turn from the bottom border of the descending channel pattern during the following trading sessions.