| Indicator | 4H | 1D | 1W |
|---|---|---|---|
| MACD(12;26;9) | Sell | Sell | Buy |
| RSI(14) | Buy | Neutral | Neutral |
| Stochastic(5;3;3) | Buy | Buy | Buy |
| Alligator(13;8;5) | Sell | Sell | Buy |
| SAR(0.02;0.2) | Sell | Sell | Sell |
| Aggregate | ⇒ | ⇘ | ⇗ |
The British Pound has declined by 6.69% against the Australian Dollar since the beginning of April. A breakout occurred through the lower boundary of an ascending channel pattern during last week's trading sessions.
Technical indicators flash sell signals on both the 4(H) and the daily time-frame charts. Therefore, bearish traders could continue to pressure the currency pair lower during the following trading sessions.
However, a support level formed by the weekly S1 at 1.9196 could provide support for the GBP/AUD currency exchange rate in the short-term.