| Indicator | 4H | 1D | 1W |
|---|---|---|---|
| MACD(12;26;9) | Buy | Buy | Buy |
| RSI(14) | Sell | Sell | Sell |
| Stochastic(5;3;3) | Neutral | Sell | Neutral |
| Alligator(13;8;5) | Buy | Buy | Buy |
| SAR(0.02;0.2) | Buy | Buy | Buy |
| Aggregate | ⇗ | ⇒ | ⇗ |
Upside risks have been dominating the common European currency against the Australian Dollar since the middle of February when the currency pair bounced off from the support cluster at 1.6328. As for the near future, the exchange rate will most likely continue to edge higher. A breakout through the upper boundary of an ascending channel pattern could occur within this week's trading sessions. However, if the ascending channel pattern holds, the currency exchange rate could make a slight retracement towards the 1.7400 area during the following trading sessions.