| Indicator | 4H | 1D | 1W |
|---|---|---|---|
| MACD(12;26;9) | Sell | Sell | Sell |
| RSI(14) | Neutral | Neutral | Neutral |
| Stochastic(5;3;3) | Neutral | Neutral | Neutral |
| Alligator(13;8;5) | Neutral | Sell | Sell |
| SAR(0.02;0.2) | Sell | Sell | Buy |
| Aggregate | ⇘ | ⇘ | ⇒ |
The Australian Dollar has been appreciating against the Singapore Dollar since the beginning of March, when the currency pair reversed north from the 0.9550 level.
Currently, the pair is testing the weekly S2 at the 0.9617 mark. From a technical perspective, it is likely, that some upside potential prevails in the market, as the pair targets the upper boundary of the falling wedge pattern in the 0.9800/0.9600 range.
However, this advance might not be immediate, as the exchange rate is pressured by the 200-hour SMA. Thus, it is likely, that the rate could re-test the support level formed by the monthly S1 at 0.9546.