| Indicator | 4H | 1D | 1W |
|---|---|---|---|
| MACD(12;26;9) | Sell | Buy | Sell |
| RSI(14) | Neutral | Neutral | Neutral |
| Stochastic(5;3;3) | Neutral | Buy | Sell |
| Alligator(13;8;5) | Sell | Buy | Sell |
| SAR(0.02;0.2) | Sell | Buy | Buy |
| Aggregate | ⇘ | ⇑ | ⇘ |
[ANNOUNCE]The British Pound has surged by 3.01% against the Australian Dollar since October 14. The GBP/AUD currency pair tested the 1.8500 level during last week's trading sessions.
[/ANNOUNCE]
As for the near future, the exchange rate is likely to continue to trend in an ascending channel pattern. Bulls could target the 1.8600 level during the following trading sessions.
However, a resistance cluster formed by the 50– period simple moving average and the weekly pivot point at 1.8326 could provide resistance for the currency exchange rate in the shorter term.