| Indicator | 4H | 1D | 1W |
|---|---|---|---|
| MACD(12;26;9) | Sell | Sell | Sell |
| RSI(14) | Buy | Neutral | Neutral |
| Stochastic(5;3;3) | Buy | Buy | Neutral |
| Alligator(13;8;5) | Sell | Sell | Neutral |
| SAR(0.02;0.2) | Sell | Sell | Sell |
| Aggregate | ⇒ | ⇘ | ⇘ |
The Australian Dollar has declined by 130 pips or 1.25% in value against the New Zealand Dollar since January 15. The currency pair breached a support cluster formed by the weekly PP and the monthly S1 at 1.0350 during Friday's trading session.
All things being equal, the AUD/NZD exchange rate will most likely continue to edge lower within this week's trading sessions. The possible target for bearish traders would be near the psychological level at 1.0300.
Furthermore, technical indicators flash sell signals on both the daily and the weekly time-frame charts.