| Indicator | 4H | 1D | 1W |
|---|---|---|---|
| MACD(12;26;9) | Buy | Buy | Sell |
| RSI(14) | Neutral | Neutral | Neutral |
| Stochastic(5;3;3) | Neutral | Neutral | Neutral |
| Alligator(13;8;5) | Buy | Buy | Sell |
| SAR(0.02;0.2) | Buy | Buy | Sell |
| Aggregate | ⇗ | ⇗ | ⇘ |
The Australian Dollar has surged by 1.44% in value against the New Zealand Dollar since January 27. A breakout occurred through the upper boundary of a descending channel pattern during the morning hours of Monday's trading session.
Given that a breakout had occurred, the AUD/NZD currency pair will most likely continue to trade bullish within this week's trading sessions. The potential target for the exchange rate will be at 1.0521.
However, the currency exchange rate has to surpass a resistance level formed by the weekly R1 at 1.0471 before reaching the given target.