| Indicator | 4H | 1D | 1W |
|---|---|---|---|
| MACD(12;26;9) | Sell | Sell | Sell |
| RSI(14) | Neutral | Buy | Neutral |
| Stochastic(5;3;3) | Neutral | Neutral | Buy |
| Alligator(13;8;5) | Sell | Sell | Sell |
| SAR(0.02;0.2) | Sell | Sell | Sell |
| Aggregate | ⇘ | ⇘ | ⇘ |
The Pound Sterling traded sideways movement against the Australian Dollar during last week's trading sessions. The currency pair was guided by the 50-hour simple moving average.
As for the near future, it is likely that the GBP/AUD exchange rate could make an upside movement. The pair could aim for a resistance cluster formed by the 200-hour SMA and the weekly R2 at 1.8081 before the middle of next week's trading sessions.
Technical indicators flash sell signals on both the smaller and the larger time-frame charts. Therefore, the currency exchange rate might continue its southern movement this week.