| Indicator | 4H | 1D | 1W |
|---|---|---|---|
| MACD(12;26;9) | Buy | Buy | Buy |
| RSI(14) | Neutral | Sell | Sell |
| Stochastic(5;3;3) | Neutral | Sell | Sell |
| Alligator(13;8;5) | Buy | Buy | Buy |
| SAR(0.02;0.2) | Buy | Buy | Buy |
| Aggregate | ⇗ | ⇒ | ⇒ |
Since October, the AUD/SGD currency pair has been trading within a rising wedge pattern.
From a theoretical point of view, it is likely that the exchange rate could breach the predetermined pattern south in the nearest future. In this case the rate could target the Fibonacci 50.00% retracement at 0.9618.
In the meantime, note that the currency pair is supported by the 55-, 100– and 200-period moving averages in the 0.9880/1.0030 range. Thus, some upside potential could continue to prevail in the market.