| Indicator | 4H | 1D | 1W |
|---|---|---|---|
| MACD(12;26;9) | Sell | Sell | Sell |
| RSI(14) | Buy | Buy | Buy |
| Stochastic(5;3;3) | Neutral | Buy | Neutral |
| Alligator(13;8;5) | Sell | Sell | Sell |
| SAR(0.02;0.2) | Sell | Sell | Sell |
| Aggregate | ⇘ | ⇒ | ⇘ |
The AUD/SGD currency pair has been trading downwards since the beginning of March after it failed to surpass the resistance level—the monthly PP at 0.9143. Currently, the pair is testing the support level –the monthly S2 at 0.8748.
Note that the exchange rate is pressured by the 55-, 100– and 200-hour SMAs, currently located in the 0.8840/0.9040 area. Thus, some downside potential could prevail in the market. In this case the rate would have to surpass the monthly S3 at 0.8515.
However, if the given support level holds, it is likely that a reversal north could occur in the nearest future. However, it is unlikely that the currency pair could exceed the monthly R1 at 0.9304.