| Indicator | 4H | 1D | 1W |
|---|---|---|---|
| MACD(12;26;9) | Sell | Sell | Sell |
| RSI(14) | Buy | Buy | Neutral |
| Stochastic(5;3;3) | Buy | Buy | Buy |
| Alligator(13;8;5) | Sell | Sell | Sell |
| SAR(0.02;0.2) | Sell | Sell | Sell |
| Aggregate | ⇒ | ⇒ | ⇘ |
The British Pound depreciated about 1.40% in value against the Australian Dollar during last week's trading sessions. The currency pair was pressured south by the 50-hour simple moving average.
Most likely, the exchange rate could continue its southern movement until it reaches a support level at 1.7650.
If the support line holds, a potential upside reversal might occur during the following trading sessions.
Meanwhile, technical indicators demonstrate that the currency exchange rate will continue to edge lower in the short-term.