| Indicator | 4H | 1D | 1W |
|---|---|---|---|
| MACD(12;26;9) | Sell | Buy | Buy |
| RSI(14) | Neutral | Neutral | Sell |
| Stochastic(5;3;3) | Buy | Buy | Neutral |
| Alligator(13;8;5) | Sell | Buy | Buy |
| SAR(0.02;0.2) | Sell | Sell | Buy |
| Aggregate | ⇘ | ⇗ | ⇗ |
Since the last two weeks, the common European currency has declined by 1.68% against the Australian Dollar. The EUR/AUD currency pair breached a support level formed by the 50– period simple moving average at 1.6200 during last week's trading sessions.
Technical indicators suggest selling signals on the 4H time-frame chart. Most likely, sellers could continue to drive the exchange rate lower during the following trading sessions.
However, the 200– period SMA at 1.6068 could provide support for the currency exchange rate this week.