| Indicator | 4H | 1D | 1W |
|---|---|---|---|
| MACD(12;26;9) | Buy | Sell | Sell |
| RSI(14) | Sell | Neutral | Neutral |
| Stochastic(5;3;3) | Neutral | Neutral | Buy |
| Alligator(13;8;5) | Buy | Sell | Sell |
| SAR(0.02;0.2) | Buy | Sell | Sell |
| Aggregate | ⇗ | ⇘ | ⇘ |
The AUD/NZD currency pair continued to trade within the long-term descending channel. The rate also renewed 2018/2019 minimum located at 1.02805.
Currently, the exchange rate is testing the monthly PP at the 1.0448. If given resistance holds, it is expected that reversal south occurs in the nearest future. A possible downside target is the support level formed by the monthly S2 at 1.0270.
Otherwise, it is likely that the pair reaches the upper channel boundary located in the 1.0460/1.0480 range within the following sessions. From a theoretical point of view, if given channel holds a reversal south occurs.