| Indicator | 4H | 1D | 1W |
|---|---|---|---|
| MACD(12;26;9) | Sell | Buy | Sell |
| RSI(14) | Neutral | Neutral | Neutral |
| Stochastic(5;3;3) | Neutral | Neutral | Neutral |
| Alligator(13;8;5) | Sell | Buy | Sell |
| SAR(0.02;0.2) | Sell | Sell | Buy |
| Aggregate | ⇘ | ⇒ | ⇒ |
The Pound Sterling has declined by 1.17% against the Australian Dollar since last week's trading sessions. The currency pair tested the bottom line of an ascending channel pattern on Tuesday morning.
Given that the exchange rate is trading near the lower boundary of the ascending channel pattern, a breakout could occur.
If the breakout occurs, a decline towards the weekly support level at 1.7990 could be expected this week.
However, if the channel pattern holds, bulls could pressure the GBP/AUD currency exchange rate higher during the following trading sessions.