| Indicator | 4H | 1D | 1W |
| MACD (12; 26; 9) | Sell | Buy | Buy |
| RSI (14) | Neutral | Neutral | Neutral |
| Stochastic (5; 3) | Neutral | Buy | Sell |
| Alligator (13; 8; 5) | Sell | Buy | Buy |
| SAR (0.02; 0.2) | Sell | Sell | Buy |
| Aggregate | ⇘ | ⇗ | ⇗ |
Bullish momentum has dominated the single European currency against the Australian Dollar since the beginning of December. The currency pair has gained over 6.70% since its bounced off from the bottom border of the channel pattern on December 3.
Currently, the EUR/AUD currency pair is trading near the lower boundary of the junior ascending channel pattern at 1.6064 and could be set for a breakout.
If the breakout occurs, the currency exchange rate will aim for the 200-hour SMA at 1.5858.
On the other hand, if the support level formed by the weekly PP at 1.5984 holds, the pair will maintain the channel pattern this week.