| Indicator | 4H | 1D | 1W |
|---|---|---|---|
| MACD(12;26;9) | Sell | Sell | Buy |
| RSI(14) | Neutral | Neutral | Neutral |
| Stochastic(5;3;3) | Buy | Buy | Neutral |
| Alligator(13;8;5) | Sell | Sell | Neutral |
| SAR(0.02;0.2) | Sell | Sell | Sell |
| Aggregate | ⇘ | ⇘ | ⇒ |
[ANNOUNCE]The Australian Dollar has declined by 0.61% against the New Zealand Dollar since July 1. The currency pair was pressured lower by the 50– and 200– period SMAs during last week's trading sessions.[/ANNOUNCE]
By and large, the exchange rate is likely to continue to edge lower in a descending channel pattern during the following trading sessions. The potential target for the AUD/NZD pair will be near the 1.0620 area.
However, the weekly support level at 1.0673 might provide support for the currency exchange rate in the shorter term.