| Indicator | 4H | 1D | 1W |
|---|---|---|---|
| MACD(12;26;9) | Buy | Buy | Buy |
| RSI(14) | Neutral | Neutral | Neutral |
| Stochastic(5;3;3) | Neutral | Sell | Neutral |
| Alligator(13;8;5) | Buy | Buy | Buy |
| SAR(0.02;0.2) | Buy | Buy | Buy |
| Aggregate | ⇗ | ⇗ | ⇗ |
The AUD/SGD currency pair has been trading within a rising wedge pattern since the middle of June.
From a theoretical point of view, it is likely that the exchange rate could continue to trade within the given pattern until the beginning of August. Then, a breakout south could occur.
Meanwhile, note that the rate could gain support from the 55– and 100-hour SMAs near 0.9700. Thus, a breakout north could occur in the nearest future, and the pair could try to exceed the monthly R1 at 0.9798.