| Indicator | 4H | 1D | 1W |
| MACD (12; 26; 9) | Buy | Buy | Sell |
| RSI (14) | Sell | Sell | Neutral |
| Stochastic (5; 3) | Sell | Neutral | Sell |
| Alligator (13; 8; 5) | Buy | Buy | Sell |
| SAR (0.02; 0.2) | Buy | Buy | Buy |
| Aggregate | ⇒ | ⇗ | ⇘ |
The Australian Dollar has been constrained by an ascending channel against the New Zealand Dollar since April. The currency pair bounced off it lower boundary on April 8 and has since remained bullish.
During the last two days, the exchange rate has move past a strong resistance cluster set by the combination of the 55– and the 100– hour SMAs and the weekly pivot point near the 1.07 area.
Everything being equal, it is likely that the currency exchange rate continues moving north until it breach the upper boundary of a dominant channel. Meanwhile, technical indicators favour bulls to grow stronger during the following trading sessions.