AUD/NZD 4H Chart: Surge in sight

Note: This section contains information in English only.
Source: Dukascopy Bank SA

Indicator 4H 1D 1W
MACD (12; 26; 9) Buy Sell Sell
RSI (14) Neutral Neutral Neutral
Stochastic (5; 3) Sell Buy Buy
Alligator (13; 8; 5) Buy Sell Sell
SAR (0.02; 0.2) Buy Buy Sell
Aggregate

The Australian Dollar has been confined by a descending channel against the New Zealand Dollar since the pair touched the upper boundary of a five-month dominant channel.

The AUD/NZD pair has moved to closer to the border of a junior channel and could be set for a breakout. Meanwhile, a support cluster set by the weekly pivot point with the combination of the 55-hour simple moving average near 1.0742 was providing support for the rate.

Technical indicators suggest that the pair could rally during the following trading sessions. 

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