| Indicator | 4H | 1D | 1W |
|---|---|---|---|
| MACD(12;26;9) | Sell | Buy | Buy |
| RSI(14) | Neutral | Neutral | Neutral |
| Stochastic(5;3;3) | Neutral | Buy | Neutral |
| Alligator(13;8;5) | Sell | Neutral | Buy |
| SAR(0.02;0.2) | Sell | Sell | Buy |
| Aggregate | ⇘ | ⇒ | ⇗ |
The Pound Sterling has depreciated about 312 base points against the Australian Dollar since last week trading sessions. The currency pair has revealed a new descending channel pattern.
The exchange rate was trading near a support cluster formed by the 200-hour simple moving average and the combination of the weekly and the monthly pivot points at 1.8431 during the morning hours of Tuesday's trading session.
By and large, it is likely that the GBP/AUD pair will aim for the 50– and 100-hour SMAs at 1.8569.
If the resistance level holds, a decline towards the lower boundary of a descending channel at 1.8300 could be expected.