| Indicator | 4H | 1D | 1W |
|---|---|---|---|
| MACD(12;26;9) | Sell | Sell | Buy |
| RSI(14) | Buy | Buy | Neutral |
| Stochastic(5;3;3) | Buy | Buy | Neutral |
| Alligator(13;8;5) | Sell | Sell | Buy |
| SAR(0.02;0.2) | Sell | Sell | Sell |
| Aggregate | ⇒ | ⇒ | ⇒ |
Since last week's trading sessions, the British Pound has edged lower by 1.51% against the Australian Dollar. The currency pair was pressured lower by the 50– period simple moving average.
Technical indicators suggest selling signals on the 4H and daily time-frame charts. Most likely, the exchange rate could continue to edge lower during the following trading sessions.
However, given that the currency exchange rate has bounced off a support level at the 1.8500 level, buyers could target the upper line of a descending channel pattern during this week's trading sessions.