| Indicator | 4H | 1D | 1W |
|---|---|---|---|
| MACD(12;26;9) | Buy | Buy | Buy |
| RSI(14) | Neutral | Neutral | Neutral |
| Stochastic(5;3;3) | Sell | Neutral | Neutral |
| Alligator(13;8;5) | Buy | Buy | Buy |
| SAR(0.02;0.2) | Buy | Buy | Buy |
| Aggregate | ⇗ | ⇗ | ⇗ |
Since November 6, the Pound Sterling has appreciated about 2.58% in value against the Australian Dollar. The currency pair tested October's swing high at 1.9073 during last week's trading session.
All things being equal, the GBP/AUD exchange rate will most likely continue to edge higher until it reaches the upper boundary of a junior ascending channel pattern at 1.9434.
If the junior ascending channel holds, the currency exchange rate will make a brief downside retracement in the short-term future.
In the meantime, technical indicators demonstrate that bullish traders would continue to dominate the pair during the following trading sessions.