| Indicator | 4H | 1D | 1W |
| MACD (12; 26; 9) | Sell | Buy | Buy |
| RSI (14) | Neutral | Neutral | Neutral |
| Stochastic (5; 3) | Neutral | Buy | Neutral |
| Alligator (13; 8; 5) | Sell | Neutral | Buy |
| SAR (0.02; 0.2) | Buy | Sell | Buy |
| Aggregate | ⇒ | ⇗ | ⇒ |
The Eurozone single currency has depreciated about 1.54% against the Australian Dollar since January 8. The exchange rate was pressured south by the 50-hour simple moving average, which was providing resistance for the pair at 1.6200.
The EUR/AUD currency pair breached the lower boundary of an ascending channel at 1.5902 during the Asian session on Tuesday.
Given that a breakout had occurred, it is likely that the currency exchange rate continues its southern journey during the following trading sessions.
However, the 200-hour SMA at 1.5902 could provide support for the price within this session.