| Indicator | 4H | 1D | 1W |
| MACD (12; 26; 9) | Buy | Sell | Sell |
| RSI (14) | Neutral | Neutral | Buy |
| Stochastic (5; 3) | Neutral | Neutral | Buy |
| Alligator (13; 8; 5) | Buy | Sell | Sell |
| SAR (0.02; 0.2) | Buy | Sell | Sell |
| Aggregate | ⇗ | ⇘ | ⇒ |
The Australian Dollar began to appreciate against the New Zealand Dollar after hitting the lower boundary of a descending trendline at 1.0442 on December 10. During this period, the Aussie gained about 1.47% of its values.
The exchange rate was stranded between SMAs during the Asian session on Friday. The 100-hour simple moving average was providing resistance at 1.0587, while the 50-hour SMA was providing support at 1.0521.
Technical indicators flash bullish signals on the 4(H) time frame. Therefore, it is likely that the currency exchange rate continues its bullish momentum today.
However, the AUD/NZD currency pair needs to surpass a barrier set by the 100-hour SMA before making further gains.