| Indicator | 4H | 1D | 1W |
|---|---|---|---|
| MACD(12;26;9) | Buy | Buy | Buy |
| RSI(14) | Neutral | Neutral | Neutral |
| Stochastic(5;3;3) | Sell | Sell | Neutral |
| Alligator(13;8;5) | Buy | Buy | Buy |
| SAR(0.02;0.2) | Buy | Buy | Sell |
| Aggregate | ⇗ | ⇗ | ⇒ |
The single European currency has appreciated about 0.98% in value against the Australian Dollar since last week's trading sessions. The 100-hour SMA provided support for the pair at 1.6154.
As for the near future, it is likely that the EUR/AUD currency pair will continue its bullish momentum during the week's trading sessions. The potential upside target will be near the upper boundary of an ascending channel pattern at 1.6454.
Furthermore, technical indicators suggest that bulls will continue their dominance in the market in the short term.