| 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) | Sell | Buy | Buy |
| Aggregate | ⇒ | ⇗ | ⇒ |
The common European currency has surged by 2.65% against the Australian Dollar since the middle of September. The EUR/AUD currency pair tested the 1.6600 level last week.
All things being equal, the exchange rate could continue to trend bullish during the following trading sessions. A breakout could occur through the upper boundary of an ascending channel pattern.
However, the currency exchange rate could make a brief retracement towards the 1.6250 area this week.