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AUD/NZD 4H Chart: Likely to edge higher

Note: This section contains information in English only.
Source: Dukascopy Bank SA
Indicator4H1D1W
MACD(12;26;9)BuyBuyBuy
RSI(14)NeutralNeutralNeutral
Stochastic(5;3;3)NeutralNeutralNeutral
Alligator(13;8;5)BuyBuyBuy
SAR(0.02;0.2)SellBuyBuy
Aggregate⇒⇗⇗

[ANNOUNCE]The Australian Dollar surged by 86 pips or 0.80% against the New Zealand Dollar during last week's trading sessions. The currency pair tested the 1.0850 level on March 18.[/ANNOUNCE]

All things being equal, the exchange rate is likely to continue to edge higher during the following trading sessions. The potential target for the AUD/NZD pair will be near the 1.0950 level.

However, the weekly resistance level at 1.0844 could provide resistance for the currency exchange rate this week.

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