| 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 | Sell |
| Aggregate | ⇒ | ⇗ | ⇘ |
The Australian Dollar has surged by 2.11% against the New Zealand Dollar since the beginning of December. The currency pair breached the 50-, 100– and 200– period SMAs during last week's trading sessions.
All things being equal, the AUD/NZD exchange rate is likely to continue to edge higher during this week's trading sessions. A breakout through the upper line of a descending channel pattern could occur.
However, if the descending channel pattern holds, the currency exchange rate would make a brief retracement towards the 1.0500 level during the following trading sessions.