| Indicator | 4H | 1D | 1W |
|---|---|---|---|
| MACD(12;26;9) | Sell | Sell | Sell |
| RSI(14) | Neutral | Neutral | Buy |
| Stochastic(5;3;3) | Neutral | Neutral | Buy |
| Alligator(13;8;5) | Neutral | Sell | Sell |
| SAR(0.02;0.2) | Buy | Buy | Sell |
| Aggregate | ⇒ | ⇒ | ⇒ |
The Australian Dollar has edged lower by 1.56% against the New Zealand Dollar since September 7. The AUD/NZD currency pair was pressured lower by the 50– period simple moving average.
All things being equal, the exchange rate could continue to edge lower in a descending channel pattern during the following trading sessions. The potential target for sellers will be near the 1.0240 level.
However, the weekly support level at 1.028 could provide support for the currency exchange rate this week.