| Indicator | 4H | 1D | 1W |
|---|---|---|---|
| MACD(12;26;9) | Sell | Buy | Buy |
| RSI(14) | Neutral | Neutral | Neutral |
| Stochastic(5;3;3) | Neutral | Neutral | Neutral |
| Alligator(13;8;5) | Sell | Buy | Buy |
| SAR(0.02;0.2) | Buy | Buy | Sell |
| Aggregate | ⇒ | ⇗ | ⇒ |
The British Pound has declined by 1.02% against the Australian Dollar since last week's trading sessions. The currency pair breached the 50– and 200– period SMAs last week.
Currently, the exchange rate is trading near the lower boundary of an ascending channel pattern and could be set for a breakout.
If the breakout occurs, a decline towards the weekly support level at 1.8630 could be expected this week.
However, if the channel pattern holds, bullish traders may target the psychological resistance level at 1.9000 during the following trading sessions.