| Indicator | 4H | 1D | 1W |
|---|---|---|---|
| MACD(12;26;9) | Sell | Sell | Buy |
| RSI(14) | Neutral | Neutral | Neutral |
| Stochastic(5;3;3) | Neutral | Neutral | Buy |
| Alligator(13;8;5) | Sell | Sell | Neutral |
| SAR(0.02;0.2) | Buy | Sell | Sell |
| Aggregate | ⇒ | ⇘ | ⇒ |
The Australian Dollar has declined by 189 pips or 1.75% against the New Zealand Dollar since November 5. The currency pair tested the lower boundary of a descending channel pattern at 1.0550 on November 12.
All things being equal, the exchange rate might continue to edge lower during this week's trading sessions. A breakout through the lower line of the descending channel pattern could occur.
However, if the channel pattern holds, a surge towards a resistance cluster formed by the 200– period simple moving average and the weekly R1 at 1.0711 could be expected during the following trading sessions.