| Indicator | 4H | 1D | 1W |
|---|---|---|---|
| MACD(12;26;9) | Buy | Buy | Buy |
| RSI(14) | Sell | Sell | Neutral |
| Stochastic(5;3;3) | Neutral | Sell | Neutral |
| Alligator(13;8;5) | Buy | Buy | Buy |
| SAR(0.02;0.2) | Buy | Buy | Buy |
| Aggregate | ⇗ | ⇒ | ⇗ |
During the past two weeks sessions, the common European currency has surged by 983 pips or 6.11% in value against the Australian Dollar. The currency pair hit a new high at 1.7087 on March 2.
As for the near future, the EUR/AUD exchange rate will most likely continue to trade bullish. The potential target for bullish traders would be near the weekly R2 at the 1.7498.
However, a resistance cluster formed by the weekly R1 and the monthly R1 at the 1.7319 could provide support for the currency exchange rate within this week's trading sessions.