| 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 | Sell | Sell |
| SAR(0.02;0.2) | Buy | Sell | Sell |
| Aggregate | ⇗ | ⇘ | ⇘ |
The single European currency has been trading sideways against the Australian Dollar since June 15. The currency pair was trading between the 1.6422/1.6226 area during the past two weeks.
Everything being equal, the exchange rate could continue to trade sideways within this week's trading sessions. The EUR/AUD pair could target the 1.6226 area in the shorter term.
However, technical indicators suggest that the currency exchange rate could edge higher during the following trading sessions.