| Indicator | 4H | 1D | 1W |
|---|---|---|---|
| MACD(12;26;9) | Buy | Sell | Sell |
| RSI(14) | Neutral | Neutral | Neutral |
| Stochastic(5;3;3) | Neutral | Sell | Neutral |
| Alligator(13;8;5) | Buy | Neutral | Sell |
| SAR(0.02;0.2) | Buy | Buy | Sell |
| Aggregate | ⇗ | ⇒ | ⇘ |
The Pound Sterling has depreciated about 2.42% in value against the Australian Dollar since August 7. The currency pair tested the lower boundary of an ascending channel pattern at 1.7700 on August 12.
Given that the exchange rate has bounced off the border of the channel pattern, the GBP/AUD pair would likely edge higher within this week's trading sessions. The potential target for the rate will be at the 1.8150 area.
Moreover, the 50-, 100– and 200– period SMAs are providing support for the currency exchange rate at 1.7848 and could help pressure the pair higher during the following trading sessions.