| 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 | Buy |
| SAR(0.02;0.2) | Buy | Sell | Buy |
| Aggregate | ⇗ | ⇒ | ⇗ |
The GBP/AUD exchange rate has been trading upwards within the ascending channel since the beginning of March.
Currently, the currency pair is testing the resistance level—the monthly R2 at 2.0240. If the given level holds, it is likely that the pair could reverse and breach the given channel south within the following trading sessions. A possible downside target is the Fibo 50.00% at 1.9058.
Otherwise, it is likely that the British Pound could continue to extend gains against the Australian Dollar within the given channel in the medium term. Note that the rate could face the resistance level—the monthly R3 at 2.0645.