| Indicator | 4H | 1D | 1W |
|---|---|---|---|
| MACD(12;26;9) | Buy | Buy | Buy |
| RSI(14) | Neutral | Neutral | Neutral |
| Stochastic(5;3;3) | Neutral | Sell | Neutral |
| Alligator(13;8;5) | Buy | Buy | Neutral |
| SAR(0.02;0.2) | Buy | Buy | Buy |
| Aggregate | ⇗ | ⇗ | ⇗ |
The British Pound has been appreciating in an ascending channel pattern against the Australian Dollar since the end of July. The currency pair surged by 3.13% in value during last week's trading sessions.
The exchange rate is currently trading near the upper boundary of the ascending channel pattern at 1.8620 and could be set for a breakout.
If the breakout occurs, a surge towards the resistance level at 1.9072 could follow during the following trading sessions.
However, a resistance cluster formed by the weekly and the monthly PPs at 1.8875 could hinder such bullish move.