| Indicator | 4H | 1D | 1W |
|---|---|---|---|
| MACD(12;26;9) | Buy | Buy | Buy |
| RSI(14) | Neutral | Neutral | Sell |
| Stochastic(5;3;3) | Buy | Neutral | Sell |
| Alligator(13;8;5) | Neutral | Buy | Buy |
| SAR(0.02;0.2) | Sell | Sell | Buy |
| Aggregate | ⇒ | ⇒ | ⇒ |
The 50– period simple moving average has guided the Australian Dollar higher against the New Zealand Dollar since the beginning of August. The currency pair tested the upper line of an ascending channel pattern at 1.1050 during last week's trading sessions.
As for the near future, the AUD/NZD exchange rate could continue to edge higher. Bullish traders are likely to target the 1.1100 level during the following trading sessions.
However, the weekly resistance level at 1.1016 could provide resistance for the currency exchange rate in the shorter term.