| Indicator | 4H | 1D | 1W |
|---|---|---|---|
| MACD(12;26;9) | Buy | Sell | Buy |
| RSI(14) | Neutral | Neutral | Neutral |
| Stochastic(5;3;3) | Neutral | Neutral | Neutral |
| Alligator(13;8;5) | Buy | Sell | Buy |
| SAR(0.02;0.2) | Sell | Buy | Sell |
| Aggregate | ⇒ | ⇒ | ⇒ |
The Pound Sterling declined by 1.87% in value against the Australian Dollar during last week's trading sessions. The currency pair tested the lower boundary of an ascending channel pattern at 1.8801 during this period.
As for the near future, the GBP/AUD exchange rate could edge higher. Bullish traders might target a psychological resistance level at 1.9200 within this week's trading sessions.
However, a resistance level formed by the 200– period simple moving average at 1.9000 could hinder bulls from pushing the currency exchange rate higher during the following trading sessions.