| Indicator | 4H | 1D | 1W |
|---|---|---|---|
| MACD(12;26;9) | Buy | Sell | Sell |
| RSI(14) | Neutral | Neutral | Neutral |
| Stochastic(5;3;3) | Neutral | Sell | Neutral |
| Alligator(13;8;5) | Buy | Neutral | Sell |
| SAR(0.02;0.2) | Buy | Buy | Sell |
| Aggregate | ⇗ | ⇒ | ⇘ |
[ANNOUNCE]The Pound Sterling has depreciated about 2.42% in value against the Australian Dollar since August 7. The currency pair tested the lower boundary of an ascending channel pattern at 1.7700 on August 12.
[/ANNOUNCE]
Given that the exchange rate has bounced off the border of the channel pattern, the GBP/AUD pair would likely edge higher within this week's trading sessions. The potential target for the rate will be at the 1.8150 area.
Moreover, the 50-, 100– and 200– period SMAs are providing support for the currency exchange rate at 1.7848 and could help pressure the pair higher during the following trading sessions.