AUD/NZD 4H Chart: Two scenarios likely

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Source: Dukascopy Bank SA
Indicator4H1D1W
MACD(12;26;9)BuySellBuy
RSI(14)NeutralNeutralNeutral
Stochastic(5;3;3)NeutralNeutralBuy
Alligator(13;8;5)BuySellBuy
SAR(0.02;0.2)BuySellBuy
Aggregate⇗⇘⇑

[ANNOUNCE]The Australian Dollar declined by 101 pips or 0.93% against the New Zealand Dollar last week. The 200– period simple moving average provided resistance for the currency pair during last week's trading sessions.
[/ANNOUNCE]
Technical indicators suggest buying signals on the weekly time-frame chart. Most likely, the exchange rate could edge higher during this week's trading sessions. A breakout through the upper line of a descending channel pattern could occur.

However, if the channel pattern holds, the currency exchange rate could take a dive this week.

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