| Indicator | 4H | 1D | 1W |
|---|---|---|---|
| MACD(12;26;9) | Sell | Buy | Buy |
| RSI(14) | Neutral | Neutral | Neutral |
| Stochastic(5;3;3) | Neutral | Neutral | Sell |
| Alligator(13;8;5) | Sell | Buy | Neutral |
| SAR(0.02;0.2) | Buy | Sell | Buy |
| Aggregate | ⇒ | ⇒ | ⇒ |
The Australian Dollar has continued to edge higher in an ascending channel pattern against the New Zealand Dollar. The currency pair surged by 7.17% during the previous month.
The AUD/NZD exchange rate is currently trading near the bottom border of the ascending channel pattern. Most likely, a breakout could occur within the following trading sessions.
However, the 100– period simple moving average could provide support for the currency exchange rate within this week's trading sessions.