| Indicator | 4H | 1D | 1W |
|---|---|---|---|
| MACD(12;26;9) | Sell | Sell | Sell |
| RSI(14) | Neutral | Neutral | Neutral |
| Stochastic(5;3;3) | Neutral | Neutral | Neutral |
| Alligator(13;8;5) | Sell | Sell | Neutral |
| SAR(0.02;0.2) | Sell | Sell | Buy |
| Aggregate | ⇘ | ⇘ | ⇒ |
The Australian Dollar has been depreciating against the New Zealand Dollar since the middle of April when the currency pair reversed south from the psychological level at 1.0700.
As apparent on the chart, the pair has already surpassed the weekly S1 at 1.0467. Given that the exchange rate is pressured by the 55-, 100– and 200-hour SMAs, it is expected, that some downside potential could prevail in the market. In this case, the rate could target the monthly S3 located at 1.0308.
However, note, that the pair has to surpass the monthly S2 at 1.0415. If the given level holds, it is likely, that a reversal north could occur within the following trading sessions.