| 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) | Neutral | Buy | Sell |
| SAR(0.02;0.2) | Buy | Sell | Sell |
| Aggregate | ⇒ | ⇒ | ⇘ |
The British Pound has declined by 1.18% against the Australian Dollar since February 2. The GBP/AUD currency pair tested the lower boundary of an ascending channel pattern at 1.7810 on February 12.
Currently, the exchange rate is trading near the lower line of the channel pattern and could be set for a breakout.
If the breakout occurs, a decline towards the 1.7600 level could be expected during the following trading sessions.
However, if the ascending channel holds, bullish traders would pressure the currency exchange rate higher within this week's trading sessions.