| Indicator | 4H | 1D | 1W |
|---|---|---|---|
| MACD(12;26;9) | Sell | Sell | Sell |
| RSI(14) | Neutral | Buy | Buy |
| Stochastic(5;3;3) | Neutral | Neutral | Buy |
| Alligator(13;8;5) | Sell | Sell | Sell |
| SAR(0.02;0.2) | Sell | Sell | Sell |
| Aggregate | ⇘ | ⇘ | ⇒ |
The Australian Dollar declined by 101 pips or 0.96% against the New Zealand Dollar last week. The AUD/NZD currency pair breached the 50– hour simple moving average during last week's trading sessions.
Technical indicators suggest selling signals on the 4-hour, daily and weekly time-frame charts. Most likely, bears could continue to drive the exchange rate lower during the following trading sessions.
However, sellers might encounter a support level at 1.0423 within this week's trading sessions.