| Indicator | 4H | 1D | 1W |
| MACD(12;26;9) | Buy | Sell | Buy |
| RSI(14) | Neutral | Neutral | Neutral |
| Stochastic(5;3;3) | Buy | Neutral | Neutral |
| Alligator(13;8;5) | Neutral | Neutral | Neutral |
| SAR(0.02;0.2) | Sell | Sell | Buy |
| Aggregate | ⇒ | ⇘ | ⇗ |
A junior descending channel pattern guided the single European currency against the Australian Dollar during the past week. The currency pair tested the upper boundary of the channel pattern at 1.6024 during Friday's trading session.
The exchange rate was trading near the bottom border of a medium-term ascending channel pattern at 1.5866 during the morning hours of Monday's trading session and could be set for a breakout.
If this breakout occurs, the EUR/AUD currency exchange rate will edge lower towards a support level at 1.5756.
However, if the medium-term ascending channel holds, the pair will likely aim for a swing high of 1.6047 during the following trading sessions.