| Indicator | 4H | 1D | 1W |
|---|---|---|---|
| MACD(12;26;9) | Sell | Buy | Buy |
| RSI(14) | Neutral | Neutral | Neutral |
| Stochastic(5;3;3) | Neutral | Neutral | Neutral |
| Alligator(13;8;5) | Neutral | Buy | Buy |
| SAR(0.02;0.2) | Buy | Sell | Buy |
| Aggregate | ⇒ | ⇒ | ⇗ |
The Pound Sterling has depreciated about 2.31% in value against the Australian Dollar since Tuesday last week. The currency pair reached February 8 support level at 1.8339 during last week's trading session.
Everything being equal, it is likely that the GBP/AUD exchange rate will continue its decline during the following trading sessions. The potential downside target will be near a support cluster at 1.8151.
However, taking into considerations the political event that is happening in the United Kingdom, the technical analysis might not support the descriptions as mentioned above.