| Indicator | 4H | 1D | 1W |
| MACD (12; 26; 9) | Sell | Sell | Sell |
| RSI (14) | Neutral | Neutral | Neutral |
| Stochastic (5; 3) | Sell | Neutral | Neutral |
| Alligator (13; 8; 5) | Neutral | Sell | Sell |
| SAR (0.02; 0.2) | Buy | Sell | Buy |
| Aggregate | ⇘ | ⇒ | ⇒ |
The price movement of the EUR/AUD exchange rate has been constrained by a descending channel. The currency pair reversed from the upper boundary on July 20 and has since reached the bottom border of a long-term ascending channel pattern.
However, the pair has bounced off its lower boundary of the dominant channel during the last trading session, and as a result, it breached the 55-hour simple moving average.
By and large, it is likely that the bullish sentiment could continue during the following trading session for a potential at 1.5283.