| Indicator | 4H | 1D | 1W |
| MACD (12; 26; 9) | Sell | Sell | Buy |
| RSI (14) | Buy | Neutral | Neutral |
| Stochastic (5; 3) | Buy | Buy | Neutral |
| Alligator (13; 8; 5) | Sell | Sell | Buy |
| SAR (0.02; 0.2) | Sell | Sell | Buy |
| Aggregate | ⇒ | ⇘ | ⇗ |
[ANNOUNCE]The British Pound has depreciated substantially against the Australian Dollar during the past one week. This bearish momentum has pushed the currency pair towards the lower boundary of a dominant ascending channel.[/ANNOUNCE]
At the time of this analysis, a strong support cluster set by the combination of the weekly and the monthly pivot point near 1.7983 was providing support for the rate from falling.
Everything being equal, the GBP/AUD exchange rate is likely to make a corrective move north during within this day. Meanwhile, technical indicators favour bears to grow stronger during the following trading session.