| Indicator | 4H | 1D | 1W |
|---|---|---|---|
| MACD(12;26;9) | Sell | Sell | Buy |
| RSI(14) | Neutral | Buy | Neutral |
| Stochastic(5;3;3) | Neutral | Neutral | Buy |
| Alligator(13;8;5) | Sell | Sell | Neutral |
| SAR(0.02;0.2) | Buy | Sell | Sell |
| Aggregate | ⇒ | ⇘ | ⇒ |
Since the beginning of May, the British Pound has declined by 4.84% against the Australian Dollar. The currency pair was pressured lower by a long-term descending channel pattern.
As for the near future, the GBP/AUD exchange rate will most likely continue to trade in the long-term descending channel pattern. The possible target would be at the 1.8200 area.
Furthermore, technical indicators suggest selling signals on the daily time-frame chart.
However, the weekly S1 at 1.8475 could provide support for the currency exchange rate in the short-term.