| Indicator | 4H | 1D | 1W |
|---|---|---|---|
| MACD(12;26;9) | Buy | Sell | Sell |
| RSI(14) | Neutral | Neutral | Neutral |
| Stochastic(5;3;3) | Neutral | Neutral | Neutral |
| Alligator(13;8;5) | Buy | Neutral | Sell |
| SAR(0.02;0.2) | Buy | Buy | Sell |
| Aggregate | ⇗ | ⇒ | ⇘ |
The Eurozone single currency surged by 192 pips or 1.19% against the Australian Dollar last week. The currency pair breached the 50-, 100– and 200– period SMAs during last week's trading sessions.
As for the near future, the EUR/AUD exchange rate will most likely continue to edge higher. Bullish traders could target the weekly R2 at 1..6496 during the following trading sessions.
However, the weekly resistance line at 1.6415 could provide resistance for the currency exchange rate within this week's trading sessions.