| Indicator | 4H | 1D | 1W |
|---|---|---|---|
| MACD(12;26;9) | Sell | Sell | Sell |
| RSI(14) | Buy | Neutral | Neutral |
| Stochastic(5;3;3) | Neutral | Buy | Neutral |
| Alligator(13;8;5) | Sell | Neutral | Sell |
| SAR(0.02;0.2) | Buy | Sell | Buy |
| Aggregate | ⇒ | ⇒ | ⇒ |
The Australian Dollar has been depreciating against the Singapore Dollar since the beginning of January after the AUD/SGD exchange rate reversed south from the upper boundary of the medium-term ascending channel.
Currently, the currency pair is testing the lower channel line located at 0.9260. From a theoretical perspective, it is likely that a reversal north could occur in the nearest future. Also, if the given channel holds, it is likely that some upside potential could prevail in the market in the medium term.
However, note that the exchange rate is pressured by the 55-, 100– and 200-hour moving averages. Thus, if the given trend does not hold, the rate could target the monthly S2 at 0.9171.