| Indicator | 4H | 1D | 1W |
|---|---|---|---|
| MACD(12;26;9) | Buy | Buy | Sell |
| RSI(14) | Neutral | Neutral | Neutral |
| Stochastic(5;3;3) | Neutral | Neutral | Neutral |
| Alligator(13;8;5) | Buy | Buy | Sell |
| SAR(0.02;0.2) | Buy | Buy | Sell |
| Aggregate | ⇗ | ⇗ | ⇘ |
The common European currency has surged by 2.44% against the Australian Dollar since mid-July. The currency pair is currently trading in narrow ascending channel pattern.
Technical indicators suggest buying signals on the 4-hour and daily time-frame charts. Most likely, the exchange rate will continue to edge higher during the following trading sessions.
However, the weekly resistance level at 1.6574 could provide a barrier for the currency exchange rate in the shorter term.