| Indicator | 4H | 1D | 1W |
|---|---|---|---|
| MACD(12;26;9) | Sell | Buy | Sell |
| RSI(14) | Neutral | Neutral | Neutral |
| Stochastic(5;3;3) | Neutral | Buy | Neutral |
| Alligator(13;8;5) | Sell | Neutral | Neutral |
| SAR(0.02;0.2) | Sell | Sell | Buy |
| Aggregate | ⇘ | ⇒ | ⇒ |
The Australian Dollar has been depreciating gradually against the new Zealand Dollar since the middle of April when the exchange rate tried to surpass the 1.0700 level.
Currently, the rate is testing the support level—the weekly S1 at 1.0528. Given that the currency pair is pressured by the 55-, 100– and 200-hour SMAs, it is likely, that bears could continue to prevail in the market. The nearest potential downside target is the monthly S1 at 1.0413.
If the given support does no hold, it is expected, that the currency pair could tumble to the lower boundary of the long-term descending channel located circa 1.0250.