| Indicator | 4H | 1D | 1W |
| MACD (12; 26; 9) | Buy | Sell | Buy |
| RSI (14) | Neutral | Neutral | Neutral |
| Stochastic (5; 3) | Buy | Neutral | Buy |
| Alligator (13; 8; 5) | Neutral | Sell | Neutral |
| SAR (0.02; 0.2) | Sell | Buy | Sell |
| Aggregate | ⇒ | ⇒ | ⇒ |
The Eurozone single currency has been depreciating against the Australian Dollar since the exchange rate made a U-turn from a resistance level formed by the upper boundary of a descending channel at 1.6359.
The currency pair was trading near the lower boundary of a dominant ascending channel at 1.5667 during the Asian session on Monday.
From a technical point, a breakout through the bottom border of the dominant channel pattern is likely to occur within this session.
However, a support level formed by the weekly S1 at 1.5580 could provide support for the currency exchange rate during the following trading hours.