Indicator | 4H | 1D | 1W |
MACD (12; 26; 9) | Buy | Buy | Buy |
RSI (14) | Neutral | Neutral | Neutral |
Stochastic (5; 3) | Neutral | Neutral | Neutral |
Alligator (13; 8; 5) | Buy | Buy | Buy |
SAR (0.02; 0.2) | Sell | Sell | Buy |
Aggregate | ⇒ | ⇒ | ⇗ |
The AUD/NZD exchange rate has been guided by two opposing channels. The dominant pattern was formed in October 2017. The medium-term ascending channel has bounced the pair within the bounds of this aforementioned dominant channel.
The most recent up-wave started mid-June when the Australian Dollar reversed from the 1.0682 mark. The pair tested the upper boundary of the junior pattern on June 3 and made a pullback.
Technical indicators flash bullish signals in the short term. This could suggest that the rate is likely to continue moving in the uptrend channel during the following trading sessions.