| Indicator | 4H | 1D | 1W |
|---|---|---|---|
| MACD(12;26;9) | Sell | Buy | Buy |
| RSI(14) | Neutral | Neutral | Sell |
| Stochastic(5;3;3) | Neutral | Neutral | Sell |
| Alligator(13;8;5) | Sell | Buy | Buy |
| SAR(0.02;0.2) | Buy | Sell | Buy |
| Aggregate | ⇒ | ⇒ | ⇒ |
[ANNOUNCE]The Australian Dollar has declined by 2% against the New Zealand Dollar since the middle of August. The currency pair breached the 200– period simple moving average during last week's trading sessions.[/ANNOUNCE]
All things being equal, the AUD/NZD exchange rate could continue to edge lower. A breakout through the lower boundary of a descending channel pattern could occur during the following trading sessions.
However, if the channel pattern holds, bullish traders could pressure the currency exchange rate higher within this week's trading sessions.