| Indicator | 4H | 1D | 1W |
|---|---|---|---|
| MACD(12;26;9) | Sell | Buy | Buy |
| RSI(14) | Neutral | Neutral | Neutral |
| Stochastic(5;3;3) | Neutral | Buy | Sell |
| Alligator(13;8;5) | Sell | Buy | Buy |
| SAR(0.02;0.2) | Sell | Sell | Buy |
| Aggregate | ⇘ | ⇗ | ⇗ |
The AUD/SGD currency pair has been trading upwards within an ascending channel since the beginning of May.
From a theoretical point of view, it is likely that some upside potential could prevail in the market, and the exchange rate could continue to trade within the given channel in the medium run. In this case the rate could face the resistance level—the Fibo 61.80% at 0.9954.
Meanwhile, note that the currency pair is pressured by the 55-, 100– and 200-hour moving averages. Thus, a breakout south could occur, and the pair could decline to the Fibo 23.60% at 0.8943.