| Indicator | 4H | 1D | 1W |
| MACD (12; 26; 9) | Sell | Buy | Buy |
| RSI (14) | Neutral | Neutral | Neutral |
| Stochastic (5; 3) | Sell | Neutral | Sell |
| Alligator (13; 8; 5) | Sell | Buy | Buy |
| SAR (0.02; 0.2) | Buy | Sell | Buy |
| Aggregate | ⇘ | ⇒ | ⇗ |
At the first glance on the daily chart for the EUR/AUD one can spot an almost perfect large scale ascending channel pattern. However, Dukascopy analysts took a look at the four hour timeframe as the main subject of analysis.
It can be noticed that the last rebound against the support of the triangle occurred in an ascending channel pattern. Most recently the support of this channel has forced the rate into a small rebound, which was paused by the 100-period SMA near the 1.5050 mark.
In regards to the short term outlook, the pair is likely going to make another attempt at the resistance of the 100-period SMA and then move to the weekly PP, which is located at the 1.5071 level. As that occurs the 200-period SMA will provide support with the monthly PP near 1.50 mark.