| Indicator | 4H | 1D | 1W |
|---|---|---|---|
| MACD(12;26;9) | Sell | Sell | Sell |
| RSI(14) | Buy | Buy | Neutral |
| Stochastic(5;3;3) | Neutral | Buy | Neutral |
| Alligator(13;8;5) | Sell | Sell | Sell |
| SAR(0.02;0.2) | Sell | Sell | Sell |
| Aggregate | ⇘ | ⇒ | ⇘ |
The Eurozone single currency has plunged by 2.36 against the Australian Dollar since the past two weeks. The EUR/AUD currency pair breached the 1.6160 level on August 28.
All things being equal, the exchange rate could continue to edge lower within this week's trading sessions. Bearish traders could target July low level at the 1.6100 regions.
However, the currency exchange rate is expected to make a pullback towards the 1.6300 level in the shorter term.