| Indicator | 4H | 1D | 1W |
|---|---|---|---|
| MACD(12;26;9) | Sell | Sell | Sell |
| RSI(14) | Neutral | Neutral | Neutral |
| Stochastic(5;3;3) | Neutral | Neutral | Buy |
| Alligator(13;8;5) | Sell | Sell | Sell |
| SAR(0.02;0.2) | Sell | Sell | Sell |
| Aggregate | ⇘ | ⇘ | ⇘ |
The Australian Dollar has been depreciating against the New Zealand Dollar within the descending trend since the beginning of April. The AUD/USD currency pair has been testing the lower channel line since the middle of July.
From a theoretical point of view, it is expected, that a reversal north should occur within the following trading sessions, as the currency pair should target the upper channel line located in the 1.0440/1.0480 range. Important resistance level to look out for is the monthly PP at 1.0457.
However, note, that the exchange rate is pressured by the 55-, 100– and 200-hour SMAs, currently located circa 1.0420. If the given resistance holds, the rate could breach the given channel south. A possible downside target is the monthly S2 located circa 1.0298.