| Indicator | 4H | 1D | 1W |
|---|---|---|---|
| MACD(12;26;9) | Buy | Sell | Sell |
| RSI(14) | Neutral | Neutral | Neutral |
| Stochastic(5;3;3) | Neutral | Neutral | Neutral |
| Alligator(13;8;5) | Buy | Neutral | Sell |
| SAR(0.02;0.2) | Sell | Buy | Sell |
| Aggregate | ⇒ | ⇒ | ⇘ |
The AUD/SGD exchange rate continued to trade downwards within the falling wedge pattern (4H time-frame chart). As apparent on the chart, the rate has already reversed south from the upper pattern line.
From a theoretical point of view, it is likely that the currency pair could continue to depreciate in the medium term. The pair is likely to reach the lower pattern line located circa 0.9200 within the following trading sessions.
However, note that the expected advance might not be immediate, as the exchange rate is supported by the 200-hour moving average, currently located at 0.9283.