| Indicator | 4H | 1D | 1W |
|---|---|---|---|
| MACD(12;26;9) | Buy | Buy | Buy |
| RSI(14) | Neutral | Neutral | Neutral |
| Stochastic(5;3;3) | Neutral | Sell | Neutral |
| Alligator(13;8;5) | Buy | Buy | Buy |
| SAR(0.02;0.2) | Sell | Buy | Buy |
| Aggregate | ⇒ | ⇗ | ⇗ |
The British Pound surged by 1.37% against the Australian Dollar during last week's trading sessions. The currency pair tested the 1.8400 level on May 28.
Technical indicators suggest buying signals on the daily time-frame chart. Most likely, the exchange rate could continue to trend bullish during this week's trading sessions. The potential target for bullish traders would be near the weekly resistance level at 1.8600.
However, the weekly R1 at 1.8488 could provide resistance for the GBP/AUD currency exchange rate this week.