| Indicator | 4H | 1D | 1W |
|---|---|---|---|
| MACD(12;26;9) | Sell | Sell | Buy |
| RSI(14) | Buy | Buy | Neutral |
| Stochastic(5;3;3) | Buy | Neutral | Neutral |
| Alligator(13;8;5) | Sell | Sell | Buy |
| SAR(0.02;0.2) | Sell | Sell | Sell |
| Aggregate | ⇒ | ⇘ | ⇒ |
The Australian Dollar has declined by 190 pips or 1.75% against the New Zealand Dollar since October 8. The currency pair breached the 50-, 100– and 200– period SMAs during the past two weeks.
As for the near future, the exchange rate could continue to trend bearish. A breakout through the lower boundary of a descending channel pattern during this week's trading sessions.
However, the weekly support level at 1.0712 could provide support for the AUD/NZD currency exchange rate in the shorter term.