| Indicator | 4H | 1D | 1W |
|---|---|---|---|
| MACD(12;26;9) | Buy | Buy | Sell |
| RSI(14) | Neutral | Neutral | Neutral |
| Stochastic(5;3;3) | Neutral | Neutral | Neutral |
| Alligator(13;8;5) | Neutral | Buy | Sell |
| SAR(0.02;0.2) | Sell | Buy | Buy |
| Aggregate | ⇒ | ⇗ | ⇒ |
The AUD/SGD currency pair has been trading within a rising wedge pattern since the end of March. The pair has already surpassed the 0.8900 level.
From a theoretical point of view, it is likely that the exchange rate could continue to trade upwards within the given pattern until the end of April. Then, a breakout south could occur.
However, note that the currency pair is pressured by the 55– and 100-hour SMAs in the 0.0925 area. Thus, a breakout south from the given pattern could occur sooner. In this case the pair could gain support from the monthly PP at 0.8657.